EUR/USD is trading close to the highs of the month so far, riding on the weakness of the US dollar. Another wave of greenback sell off puts the pair within reach of 1.25. Can it make the break? A lot depends on the results of the TLTRO, which could determine the QE question in Europe. Apart from that, we have US retail sales which include the holiday season. Here’s a quick update on technicals, fundamentals and sentiment moving the pair. Asian session: The pair continued rising, settling above 1.2450. Current range: 1.2450 to 1.25. Further levels in both directions: Below: 1.24, 1.2450, 1.2360, 1.2280, 1.2250, 1.2140 and 1.2042. Above: 1.25, 1.2570 and 1.2620. 1.2450 now turns into weak support ahead of 1.2360 1.25 is critical resistance. EUR/USD Fundamentals 7:00 German Final CPI. Exp. 0% m/m, 0.6% y.y. Actual: as expected. 7:45 French CPI. Exp. +0.2%. 9:00 ECB Monthly Bulletin. 9:00 Italian Industrial Production. Exp. +0.3%. 10:15 TLTRO 2 results. Preview: TLTRO: 3 scenarios for EUR/USD 13:30 US Retail Sales. Exp. +0.4%, core sales exp. +0.1%. 13:30 US jobless claims. Exp. 299K. 13:30 US import prices. Exp. -1.7%. 15:00 US Business Inventories. Exp. +0.2% * All times are GMT. For more events and lines, see the Euro to dollar forecast. EUR/USD Sentiment Another dollar sell off: Without anything of importance from the US and after a good JOLTs number in the previous day, US traders sold the US dollar once again. The dollar lost even more ground after enjoying a strong NFP on Friday, something that seems long forgotten. How long can this last? Retail sales could provide the answer. TLTRO eyed: Tension is rising towards tomorrow’s TLTRO 2 results. After a poor take up in the first tranche, another poor one now could cement euro-zone QE. See the preview: TLTRO: 3 scenarios for EUR/USD Greek presidential elections: Yes, Greece is back to the headlines. The country approved a budget that did not receive the blessing of the troika. To try to defuse the situation, an extension of two months was agreed upon. However, it’s not going to be a quiet holiday season. The government in Athens announced presidential elections for December 17th. If parliament is unable to agree on a president with a wide majority within three rounds, snap elections are held. In this case, the opposition anti-bailout SYRIZA party could gain control according to the recent polls, and this could certainly complicate the situation. The Athens stock exchange collapsed. In our latest podcast, we preview December’s big events, talk about the importance of jobless claims, the crash in oil prices and GOFO going negative: Download it directly here. Subscribe to our podcast on iTunes. 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 Markets await Japanese elections FxPro - Forex Broker 7 years EUR/USD is trading close to the highs of the month so far, riding on the weakness of the US dollar. Another wave of greenback sell off puts the pair within reach of 1.25. Can it make the break? A lot depends on the results of the TLTRO, which could determine the QE question in Europe. Apart from that, we have US retail sales which include the holiday season. Here's a quick update on technicals, fundamentals and sentiment moving the pair. Asian session: The pair continued rising, settling above 1.2450. Current range: 1.2450 to 1.25. Further levels in both directions: Below:… 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.