EUR/USD lost ground as US yields rose, and then got a blow from fresh Spanish worries. It still holds on to minor support, – still hanging on to hopes of an improved EU stability mechanism. Which headlines will win? Here’s a quick update on technicals, fundamentals and community trends. Euro/Dollar breaking higher. EUR/USD Technicals Asian session: Quiet session with steady slide lower. EUR/USD dipped under 1.3334 at the wake of the European session, but recovered. Current Range between 1.3334 to 1.3440 Further levels in both directions: Below 1.3334, 1.3267, 1.3180, 1.3114, 1.30, 1.2920, 1.2722, 1.2587. Above 1.3334, 1.3576, 1.37, 1.3786, 1.3950 and 1.4030. 1.3180 proved to be strong support. 1.3440 is important resistance above and remains as such after a breakout attempt failed. EUR/USD Fundamentals – 10:00 European Employment Change. Exp. +0.2% 13:30 US CPI. Exp. +0.2%. Core CPI, exp. +0.1%. 14:00 US TIC Long-Term Purchases. Exp. +82 billion. 14:15 US Industrial Production. Exp. +0.4%. 14:15 US Capacity Utilization Rate. Exp. 75.1%. 15:00 US NAHB Housing Market Index. Exp. 16 points. * All times are GMT. For the major events due later in the week, see the EUR/USD outlook EUR/USD Sentiment Spain is under the limelight as Moody’s warns of a downgrade. This hurt the Euro at the beginning of the session. Spanish bonds yields are already back to the highs of 5.60%, last seen in the height of the Irish crisis. 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. The European summit begins tomorrow. The Irish parliament is set to approve bailout plan today. The coalition has a majority, but surprises are always possible. US bond yields support the dollar – they touched 3.50% yesterday. This mostly affects USD/JPY, but also EUR/USD. Currensee Community: 50% are long , 50% are short. These are 1274 open positions in real accounts trading this pair at the moment. 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 Iran Blast Kills Dozens Yohay Elam 12 years EUR/USD lost ground as US yields rose, and then got a blow from fresh Spanish worries. It still holds on to minor support, - still hanging on to hopes of an improved EU stability mechanism. Which headlines will win? Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar breaking higher. EUR/USD Technicals Asian session: Quiet session with steady slide lower. EUR/USD dipped under 1.3334 at the wake of the European session, but recovered. Current Range between 1.3334 to 1.3440 Further levels in both directions: Below 1.3334, 1.3267, 1.3180, 1.3114, 1.30, 1.2920, 1.2722, 1.2587. Above 1.3334, 1.3576, 1.37,… 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.