EUR/USD managed to hold on to the relatively higher range as the markets that still were on holiday now get back to business. We also have quite a few indicators today. Here’s a quick update on technicals, fundamentals and community trends. Euro/Dollar now still high EUR/USD Technicals Asian session: Stable session saw the pair hold on to support at 1.3334. Current Range between 1.3334 to 1.3440 Further levels in both directions: Below 1.3334, 1.3267, 1.3180, 1.3080, 1.30, 1.2920, 1.2722, 1.2587. Above 1.3576, 1.37, 1.3786, 1.3950 and 1.4030. 1.3080 important support below 1.3440 is important resistance above. EUR/USD Fundamentals – 8:55 German Unemployment Change. Exp. -12K. 10:00 European CPI Flash Estimate. Exp. +2%. 15:00 US Factory Orders. Exp. -0.1%. 19:00 US FOMC Meeting Minutes. * All times are GMT. For more events later in the week, see the EUR/USD forecast. EUR/USD Sentiment Talks of China buying Spanish bonds helped the Euro, although this may be merely a political gesture rather than real help. Spanish bonds are stable in the meantime. Portugal has a bond auction this week – many eyes are on it, and some speculate it will be the last domino. 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: 52% are long , 48% are short. These are 1279 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 5 Points on How to Choose a Forex Broker in 2011 Yohay Elam 12 years EUR/USD managed to hold on to the relatively higher range as the markets that still were on holiday now get back to business. We also have quite a few indicators today. Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar now still high EUR/USD Technicals Asian session: Stable session saw the pair hold on to support at 1.3334. Current Range between 1.3334 to 1.3440 Further levels in both directions: Below 1.3334, 1.3267, 1.3180, 1.3080, 1.30, 1.2920, 1.2722, 1.2587. Above 1.3576, 1.37, 1.3786, 1.3950 and 1.4030. 1.3080 important support below 1.3440 is important resistance above. EUR/USD Fundamentals -… 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.
