EUR/USD made a breakout and is now trading at a three week high, after a new wave of optimism boosted the common currency. Will this hold? Here’s a quick update on technicals, fundamentals and community trends. Euro/Dollar breaking higher. EUR/USD Technicals Asian session: Quiet session under 1.3440, before breaking above this level and reaching 1.3460. Current Range between 1.3440 to 1.3576. Further levels in both directions: Below 1.3440, 1.334, 1.3267, 1.3180, 1.3114, 1.30, 1.2920, 1.2722, 1.2587. Above 1.3576, 1.37, 1.3786, 1.3950 and 1.4030. 1.3114 is strong lower support 1.3440 is important resistance above – if the break is convincing – it is a bullish sign. EUR/USD Fundamentals – 10:00 German ZEW Economic Sentiment. Exp. 3.8 points. 10:00 European German ZEW Economic Sentiment. Exp. 10.3 points. 10:00 Industrial Production. Exp. +1.4%. 13:30 US Retail Sales. Exp. +0.6%. Core Retail Sales, exp. +0.7%. 13:30 US PPI. Exp. +0.6%, Core PPI exp. +0.2%. 15:00 US Business Inventories. Exp. +0.9%. 19:15 US Rate decision. No change expected. * All times are GMT. For the major events due later in the week, see the EUR/USD outlook EUR/USD Sentiment There are hopes for a wide solution to the European debt crisis in the European summit – perhaps a permanent bailout mechanism. This is one of the 5 reasons for the Euro rally. On the other hand, Spanish bonds yields stabilized at a high level.. This Euro-crisis barometer is at 5.45%, getting close to the peak at the height of the Irish crisis. Irish parliament set to approve bailout plan on Wednesday. Contrary to the last FOMC meeting, this one is likely to be dull – causing choppy trading but no long term effect. Currensee Community: 50% are long , 50% are short. These are 1291 open positions in real accounts trading this pair at the moment. The community sees more drops in EUR/USD. 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 Forex News Today: Daily Trading News share Read Next Eur/Usd Reaches A Two Weeks High – Approaches New Levels Gregor Horvat 12 years EUR/USD made a breakout and is now trading at a three week high, after a new wave of optimism boosted the common currency. Will this hold? Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar breaking higher. EUR/USD Technicals Asian session: Quiet session under 1.3440, before breaking above this level and reaching 1.3460. Current Range between 1.3440 to 1.3576. Further levels in both directions: Below 1.3440, 1.334, 1.3267, 1.3180, 1.3114, 1.30, 1.2920, 1.2722, 1.2587. Above 1.3576, 1.37, 1.3786, 1.3950 and 1.4030. 1.3114 is strong lower support 1.3440 is important resistance above - if the break is convincing… 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.