EUR/USD: Capped at 1.3595 on Rebounds

EUR/USD is running into offers at 1.3595 in the wake of a soft ADP prognostication for payrolls. Their track record is still suspect as they tweak their model from month-to-month, so take it with a grain of salt. The market continues to look for a rise in payrolls of a bit over 100k. More offers are seen toward 1.3600 and 1.3620. Firm EUR/JPY prices are helping support the EUR at present.