EUR/USD is trying to break out of the tight high range, and move even higher, as Egypt faces a critical day. Will we see EUR/USD break higher? Or will this attempt fail again? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Traded between 1.37 to 1.3760 and failed to break higher. Current range – 1.37 to 1.3760. Euro Dollar Chart -February 1 - Click to enlarge Further levels in both directions: Below 1.37, 1.3576, 1.3440, 1.3334, 1.3267, 1.3180, 1.3080, 1.2970, 1.2920, 1.28, 1.2722, 1.2587. Above: 1.3760, 1.3830, 1.3950, 1.4030 and 1.4220. 1.37-1.3760 critical range 1.3440 is the key downside level – it has stopped the Euro so many times in the past. Euro/Dollar manages to hold above 1.37- click on the graph to enlarge. EUR/USD Fundamentals – 8:55 European German Unemployment Change. Exp. 11K, Actual -13K. 9:00 European Final Manufacturing PMI. Exp. 56.9. Actual 57.3. 10:00 European Unemployment Rate. Exp. 10.1%.Actual 10.0%. 15:00 ISM Manufacturing PMI. Exp. 57.8 points. Important hint for the Non-Farm Payrolls. 15:00 US Construction Spending. Exp. +0.1%. 11:15 ECB president Jean-Claude Trichet talks. * All times are GMT. For more events later in the week, see the EUR/USD forecast EUR/USD Sentiment Egyptian crisis heightens today as the “million-man march” is planned in Cairo. There are growing signs that the Egyptian army is abandoning president Mubarak. Greek default? Plans are drawn for a making a 25% haircut on Greek debt, codenamed “Brady plan”. This has been overshadowed by the events in Egypt. British contraction in Q4 weighs on the Euro. The Irish parliament approved the finance bill, the final seal for the EU / IMF bailout program. Spanish bond yields are dropping significantly to 5.27%. This helps the Euro. Inflation is becoming problematic for Europe. This comes as employment is still high. Double trouble for Europe. Trichet showed concerns about inflation and boosted the Euro. It already reached 2.4%. Today the bears will probably be reinforced with the bad unemployment rate. Currensee Community: 62% are long , 38% are short. These are 1369 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 GBP/USD Breaks Higher on Strong Manufacturing Yohay Elam 12 years EUR/USD is trying to break out of the tight high range, and move even higher, as Egypt faces a critical day. Will we see EUR/USD break higher? Or will this attempt fail again? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Traded between 1.37 to 1.3760 and failed to break higher. Current range - 1.37 to 1.3760. [caption id="attachment_15041" align="alignright" width="400" caption="Euro Dollar Chart -February 1 - Click to enlarge "][/caption] Further levels in both directions: Below 1.37, 1.3576, 1.3440, 1.3334, 1.3267, 1.3180, 1.3080, 1.2970, 1.2920, 1.28, 1.2722, 1.2587. Above: 1.3760, 1.3830, 1.3950,… 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.