USD steady ahead of ADP jobs data, EURUSD tests key moving averages

The US dollar is trading mostly higher but with minimal changes against major peers as markets enter a slow and choppy session ahead of key employment data. Traders are closely watching the ADP employment report, which is expected to show a gain of 117,000 jobs, for clues on the health of the labor market and potential implications for Federal Reserve policy.

EURUSD remains under pressure, spending much of the day below its 100-hour and 200-hour moving averages at 1.1633 and 1.1639, respectively. Earlier attempts to rally stalled near a swing area that has acted as resistance, keeping sellers in control. The failure to break above these levels has given sellers the green light to push lower, with the pair extending its decline. GBPUSD and USDJPY are also trading around key technical levels that could determine the next directional push. For traders tracking these moves, NowPrice's live FX dashboard provides real-time updates on price action across major pairs, helping identify breakout or breakdown opportunities as the session progresses.

Looking ahead, the ADP report due later today will be the main event, with markets also eyeing weekly jobless claims and ISM services data later in the week. A stronger-than-expected ADP print could reinforce expectations for a hawkish Fed, potentially boosting the dollar further, while a miss might trigger a short-term pullback. Technical levels remain critical: a sustained break below the 200-hour MA on EURUSD could open the door to further losses, while a bounce from support may attract buyers. Traders should monitor these levels closely as the data releases unfold.