EUR/USD lost the support line as talks about a default in Greece and a problematic bailout for Portugal weigh on the common currency. Important US figures are due and will rock the pair as well.  Here’s a quick update on technicals, fundamentals and sentiment currently moving the markets. EUR/USD Technicals Asian session:  Euro/Dollar made another attempt for the 1.4520 line, but couldn’t break higher. The fall came in the European session. Current range –  1.4380 – 1.4450 Further levels in both directions: Below 1.4380, 1.4282, 1.4160, 1.4030, 1.3950, 1.3860, 1.3760 Above:   1.4450, 1.4520, 1.4580, 1.48, 1.50, 1.5144 1.4450 is now resistance, but weaker than earlier. 1.4520 proved to be a tough line. 1.4380 is the first line of support, with 1.4282 a stronger line. Euro/Dollar on high support  – click on the graph to enlarge. EUR/USD Fundamentals – 8:00  ECB Monthly Bulletin. Expressed concern from Mid-East turmoil. 12:30 US Unemployment Claims. Exp. 379K. 12:30 US PPI. Exp. 1.1%. Core exp. +0.2%. 13:00 US FOMC member Elizabeth Duke talks. Exp. Dovish. 13:20 US FOMC member  Narayana Kocherlakota talks. Exp. Hawkish. 16:30 US FOMC member  Charles Plosser. Exp. hawkish. * All times are GMT. For more events later in the week, see the  EUR/USD forecast EUR/USD Sentiment Default for Greece?: There’s lots of speculation about a default for the small country. It’s currently being denied and ignored. When it eventually happens, it could hurt the Euro, but already seems inevitable, after comments from Greek and European officials. Bailout for Portugal – There’s no government in Lisbon, making it hard to agree on a bailout program. In addition, the outcome of the Greek bailout poses doubts about the chances of successful move in Portugal. Portuguese yields already passed the 9% mark. See more about  The Portuguese bailout More rate hikes in Europe? Not so fast: With lower prices of oil in recent days and all the debt fears, the next rate hikes will likely be pushed back. Fed leaning towards the doves:  After a few  recent hawkish speecheswe now hear from the doves in the Federal Reserve. Dudley and Yellen are definitely in the dovish camp. This weakens the US dollar across the board. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam EUR/USD DailyForex News Today: Daily Trading News share Read Next EUR/USD Extends Recovery After Weak US Data Yohay Elam 11 years EUR/USD lost the support line as talks about a default in Greece and a problematic bailout for Portugal weigh on the common currency. Important US figures are due and will rock the pair as well.  Here's a quick update on technicals, fundamentals and sentiment currently moving the markets. EUR/USD Technicals Asian session:  Euro/Dollar made another attempt for the 1.4520 line, but couldn't break higher. The fall came in the European session. Current range -  1.4380 - 1.4450 Further levels in both directions: Below 1.4380, 1.4282, 1.4160, 1.4030, 1.3950, 1.3860, 1.3760 Above:   1.4450, 1.4520, 1.4580, 1.48, 1.50, 1.5144 1.4450 is… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.