EUR/USD lost ground steadily, fell below the uptrend channel and is approaching an important support. Will it collapse or bounce on this busy day? Here’s a quick update on technicals, fundamentals  and community trends. EUR/USD within new uptrend channel, that began last week. Click to enlarge. EUR/USD Technicals Asian session:  EUR/USD continued the gradual fall, going under the minor support line of 1.2665. Current Range is between 1.2610 to 1.2665 Further levels: Below, 1.2610, 1.2460, 1.2330 and 1.2150.  Above  1.2722, 1.2840, 1.2930, 1.30 and 1.3110. Uptrend channel lost: EUR/USD trades in an uptrend channel. Uptrend support began from the lows it reached on August 24th through a low on August 25th. Uptrend resistance began on a swing high on August 24th and was formed on August 26th. This is a notable line. EUR/USD lost it. EUR/USD Fundamentals All times are GMT. Most important events emphasized. 7:55: German Unemployment Change. Exp. -19K. 9:00: Unemployment Rate. Exp. 10%. 9:00: CPI Flash Estimate. Exp. 1.6%. 13:00: US S&P/CS Composite-20 HPI. Exp. +3.8%. 13:45: US Chicago PMI. Exp. 57.3. 14:00: US CB Consumer Confidence. Exp. 50.7. 18:00: US FOMC Meeting Minutes. EUR/USD Sentiment Market is in risk aversive mood. This means that bad US indicators are dollar positive, although devastating figures that we’ve seen in recent days just shocked the markets. The 1.2610 line is critical on the downside. This is a busy week, with the Non-Farm Payrolls at the end of it. Note the European unemployment rate that is a burden on the Euro, and the FOMC Meeting Minutes, which follow the groundbreaking decision to pump more money into the economy, the statement that enhanced the talks about a double dip recession. Currensee Community: 55% are Short, 45% are long, with shortists having the upper hand. This is a slight change from yesterday’s 57:43 ratio.These are 952 open positions in real accounts trading this pair at the moment. Note – This is a new and still experimental section on Forex Crunch. It’s still in development. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. 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 Forecast share Read Next Forex Leverage Limit 50:1 – Will US Traders Run Away? Yohay Elam 12 years EUR/USD lost ground steadily, fell below the uptrend channel and is approaching an important support. Will it collapse or bounce on this busy day? Here's a quick update on technicals, fundamentals  and community trends. EUR/USD within new uptrend channel, that began last week. Click to enlarge. EUR/USD Technicals Asian session:  EUR/USD continued the gradual fall, going under the minor support line of 1.2665. Current Range is between 1.2610 to 1.2665 Further levels: Below, 1.2610, 1.2460, 1.2330 and 1.2150.  Above  1.2722, 1.2840, 1.2930, 1.30 and 1.3110. Uptrend channel lost: EUR/USD trades in an uptrend channel. Uptrend support began from the lows… 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.