EUR/USD lost the important support line during a busy day. Where will this stop ? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Was more quiet than beforehand, but still saw some downwards action.. Current Range between 1.30 to 1.3080 Further levels in both directions: Below 1.30, 1.2920, 1.2722, 1.2587. Above 1.3080, 1.3180, 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 lost – this is a critical line. 1.2970 next significant spot Euro/Dollar weak – click to enlarge graph EUR/USD Fundamentals – 10:00 European Retail Sales. Exp. +0.3%. Actual -0.8%. 11:00 German Factory Orders. Exp. +1%. Actual, +5.2%. 13:30 US Unemployment Claims. Exp. 400K. Actual 409K. Despite this disappointment, the 4 week moving average is still lower, providing high hopes for the Non-Farm Payrolls. * All times are GMT. * Post updated 15:40 GMT. For more events later in the week, see the EUR/USD forecast. EUR/USD Sentiment US figures were great so far, both ADP and Services PMI exceeded expectations and pushed the dollar higher. Greece is denying the chances of a default – too much smoke without fire. Inflation is becoming problematic for Europe. This comes as employment is still high. Double trouble for Europe. Talks about allowing defaults for senior debt holders is also a burden on the common currency. A consultation paper about defaulting of banks stirs the markets. Greece is denying talks about default, but the European Commission is pushing through with it. Irish Banks also endangered. Currensee Community: 49% are long , 51% are short. These are 1312 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 Services Squeeze – Pound Falls Yohay Elam 12 years EUR/USD lost the important support line during a busy day. Where will this stop ? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Was more quiet than beforehand, but still saw some downwards action.. Current Range between 1.30 to 1.3080 Further levels in both directions: Below 1.30, 1.2920, 1.2722, 1.2587. Above 1.3080, 1.3180, 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 lost - this is a critical line. 1.2970 next significant spot Euro/Dollar weak - click to enlarge graph EUR/USD Fundamentals - 10:00 European Retail… 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.