EUR/USD is getting comfortable in a lower range below 1.3175, after yet another slide. It seems there is no mercy for the pair. After seeing very strong consumer confidence from the US yesterday was the latest excuse to buy the greenback. Today’s light calendar also supports that direction, with more disappointments from Germany. What’s next? Here is a quick update on what’s moving the pair. EUR/USD consolidated the loss of 1.3175 and settled lower Current range: 1.3150 to 1.3175. Further levels in both directions: Below: 1.3150, 1.31 and 1.30. Above: 1.3175, 1.3220, 1.3295 and 1.3333 1.3175 is and old line but it proved strong. 1.3220 is the close on Friday. EUR/USD Fundamentals 6:00 German GfK Consumer Climate. Exp. 8.9, actual 8.6 points. 6:00 German Import Prices. Exp. -0.1%, actual -0.4%. *All times are GMT. For more events and lines, see the Euro to dollar forecast. EUR/USD Sentiment Best US consumer confidence since 2007: The CB consumer confidence reached 92.4 points, the highest level since October 2007, just before the great recession began. Together with a leap in durable goods orders, the US dollar got more fuel for its rally. The initial reactions were somewhat muted, as some consolidation was needed, the greenback eventually reacted. Tomorrow we have more important data: GDP and jobless claims. Jackson Hole fallout: Janet Yellen did her best not to rock the boat, and the lack of dovishness was dollar positive, following the trend seen after the not-too-dovish FOMC minutes. ECB president Mario Draghi certainly left the door open for more action, and QE certainly seem on the cards. He also asked governments to do more. This triggered the weekend gap which was never closed. More weak German data: The fresh weakness in consumer confidence in Germany joins weaker business confidence seen earlier in the week. One of the factors is Russia, another is prices. We will get initial inflation data for Germany tomorrow. Some optimism on Ukraine:: The Russian and Ukrainian presidents met in Minsk and sent a more optimistic message. Together with a seemingly solid ceasefire in Gaza, geopolitics might take the back burner for a change. Listen to the latest podcast here, focusing on the Fed: Download it directly here. 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 Bonds and yields continue to stir FX markets FxPro - Forex Broker 8 years EUR/USD is getting comfortable in a lower range below 1.3175, after yet another slide. It seems there is no mercy for the pair. After seeing very strong consumer confidence from the US yesterday was the latest excuse to buy the greenback. Today's light calendar also supports that direction, with more disappointments from Germany. What's next? Here is a quick update on what's moving the pair. EUR/USD consolidated the loss of 1.3175 and settled lower Current range: 1.3150 to 1.3175. Further levels in both directions: Below: 1.3150, 1.31 and 1.30. Above: 1.3175, 1.3220, 1.3295 and 1.3333 1.3175 is and old line… Regulated 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.