EUR/USD started the year with losing the hot air it enjoyed at the end of 2010, and dropping to a lower range. Volume is still thin, but we already have some fresh indicators. Where will it go? Here’s a quick update on technicals, fundamentals and community trends. Euro/Dollar now falling to lower range. EUR/USD Technicals Asian session: Thin volume sent the pair down on a Sunday gap. Current Range between 1.3267 to 1.3334. Further levels in both directions: Below 1.3267, 1.3180, 1.3080, 1.30, 1.2920, 1.2722, 1.2587. Above 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 Final Manufacturing PMI. Exp. 56.9 points. 15:00 US ISM Manufacturing PMI. Exp. 57 points. 15:00 US Construction Spending. Exp. +0.2%. * All times are GMT. For more events later in the week, see the EUR/USD forecast. EUR/USD Sentiment Thin volume continues to characterize the markets, but this will end during this week, and the real forces will return for a new and wild year. Portugal has a bond auction this week – many eyes are on it, and some speculate it will be the last domino. Spanish bond yields have stabilized at high levels, around 5.50%. This stability is with us for over a week. Europe has a lot of debt to pay back in 2011, probably above 1 trillion euros. This could evolve into a full blown “credit crunch 2” crisis. Currensee Community: 50% are long , 50% are short. These are 1209 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 DailyForex News Today: Daily Trading News share Read Next Forex Crunch – Redesigned Yohay Elam 12 years EUR/USD started the year with losing the hot air it enjoyed at the end of 2010, and dropping to a lower range. Volume is still thin, but we already have some fresh indicators. Where will it go? Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar now falling to lower range. EUR/USD Technicals Asian session: Thin volume sent the pair down on a Sunday gap. Current Range between 1.3267 to 1.3334. Further levels in both directions: Below 1.3267, 1.3180, 1.3080, 1.30, 1.2920, 1.2722, 1.2587. Above 1.3334, 1.3576, 1.37, 1.3786, 1.3950 and 1.4030. 1.3080 important support below 1.3440… 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.