EUR/USD turned around and fell, when the markets returned to full blast after the holidays. A busy day ahead will rock the pair. Will it continue sliding? Here’s a quick update on technicals, fundamentals and community trends. Euro/Dollar now still high EUR/USD Technicals Asian session: Quiet session saw the pair sliding to the lower end of the range, then falling below. Current Range between 1.3180 to 1.3267. Further levels in both directions: Below 1.3180, 1.3080, 1.30, 1.2920, 1.2722, 1.2587. Above 1.3267, 1.3334, 1.3440, 1.3576, 1.37, 1.3786, 1.3950 and 1.4030. 1.3440 is important resistance above. 1.3080 important support below EUR/USD Fundamentals – 9:00 European Final Services PMI. Exp. 53.7, actual 54.2. 10:00 European Industrial New Orders. Exp. +1.3%. 10:00 European PPI. Exp. +0.3%. 10:45 Portuguese bond auction results 12:30 US Challenger Job Cuts. 12:15 US ADP Non-Farm Payrolls. Exp. +101K. 15:00 US ISM Non-Manufacturing PMI. Exp. 55.6 points. * All times are GMT. For more events later in the week, see the EUR/USD forecast. EUR/USD Sentiment We have two important hints for the Non-Farm Payrolls on Friday – ADP Non-Farm Payrolls and Services PMI (Non-Manufacturing). Here’s a setup for trading the ADP NFP. Portugal’s bond auction is important for the whole debt crisis in 2011 – many eyes are on it, and some speculate it will be the last domino. Greece is denying the chances of a default – too much smoke without fire. 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 1270 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 British Construction Squeezes Yohay Elam 12 years EUR/USD turned around and fell, when the markets returned to full blast after the holidays. A busy day ahead will rock the pair. Will it continue sliding? Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar now still high EUR/USD Technicals Asian session: Quiet session saw the pair sliding to the lower end of the range, then falling below. Current Range between 1.3180 to 1.3267. Further levels in both directions: Below 1.3180, 1.3080, 1.30, 1.2920, 1.2722, 1.2587. Above 1.3267, 1.3334, 1.3440, 1.3576, 1.37, 1.3786, 1.3950 and 1.4030. 1.3440 is important resistance above. 1.3080 important support below 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.