EUR/USD is back to the same trading range after making a wild move yesterday on thin volume. Will we see another sharp move before the new year? Here’s a quick update on technicals, fundamentals and community trends. Euro/Dollar back in the range. EUR/USD Technicals Asian session: EUR/USD had a quiet session, bouncing off 1.3080.. Current Range between 1.3080 to 1.3180 Further levels in both directions: Below 1.3080, 1.30, 1.2920, 1.2722, 1.2587. Above 1.3180, 1.3267, 1.3334, 1.3576, 1.37, 1.3786, 1.3950 and 1.4030. 1.3080 important support below 1.3440 is important resistance above and remains as such after a breakout attempt failed. EUR/USD Fundamentals – 9:00 European M3 Money Supply. Exp. +1.6%. German Prelim CPI. Exp. 0.8%. * All times are GMT. For more events later in the week, see the EUR/USD forecast. EUR/USD Sentiment The lack of liquidity continues to characterize trading, as currencies can rock in wild ranges, without significant forces to stop them. The ECB didn’t manage to drain the excessive cash it created by buying bonds. This means that there’s excessive money in the markets, and this could have pushed the Euro higher. The effect is probably temporary, as banks prefer staying more liquid before the new year. No fresh bad news concerning the European debt crisis also help the Euro. The Chinese rate hike risks global growth and triggered risk aversive trading, but at least for now, the effect is fading out. France is danger of suffering a credit rating downgrade – France is Europe’s second largest economy. A downgrade or a warning will send the Euro way down. Spanish bond yields have stabilized at high levels, around 5.50%. This stability is with us for over a week. Trading volume isn’t as thin as yesterday, but it’s still low in comparison to regular days during the year. Currensee Community: 50% are long , 50% are short. These are 1255 open positions in real accounts trading this pair at the moment. 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 Daily share Read Next How to Use Channels In Elliott Wave Theory Gregor Horvat 12 years EUR/USD is back to the same trading range after making a wild move yesterday on thin volume. Will we see another sharp move before the new year? Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar back in the range. EUR/USD Technicals Asian session: EUR/USD had a quiet session, bouncing off 1.3080.. Current Range between 1.3080 to 1.3180 Further levels in both directions: Below 1.3080, 1.30, 1.2920, 1.2722, 1.2587. Above 1.3180, 1.3267, 1.3334, 1.3576, 1.37, 1.3786, 1.3950 and 1.4030. 1.3080 important support below 1.3440 is important resistance above and remains as such after a breakout attempt failed. EUR/USD… 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.