EUR/USD opened -0.80% after USD surged following US ADP jobs data nL1N33Q274

Market now pricing in a strong US non-farm payrolls and hawkish Fed response

Bids ahead of 1.0500 holding for now, but EUR/USD looking vulnerable

A clear break below 1.0500 targets the 55-day MA at 1.0368

Resistance is around 1.0610 where the 10 & 21-day MAs converge

Whippy range trading expected before the US non-farm payroll release

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