EUR/USD is losing the nice gains it made yesterday and is approaching support. Where will it go on this busy day ? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Euro/Dollar failed to break above 1.3760 and fell through 1.37. Fall continues in European session. Current range – 1.3610 to 1.37. Further levels in both directions: Below 1.3610, 1.3576, 1.3440, 1.3334, 1.3267, 1.3180, 1.3080, 1.2970. Above: 1.37, 1.3760, 1.3830, 1.3950, 1.4030, 1.4160 and 1.4230. 1.3760proved to be key resistance once again. 1.3440 is important support below. We’re still far.1.3610 is closely watched now. Euro/Dollar small recovery- click on the graph to enlarge. EUR/USD Fundamentals – 7:45 French Industrial Production. Exp. +0.3%. 9:00 ECB Monthly Bulletin. 12:00 ECB member Axel Weber talks. 13:30 US Unemployment Claims. Exp. 411K. * All times are GMT. For more events later in the week, see the EUR/USD forecast EUR/USD Sentiment First weekly unemployment claims figure after NFP will be interesting – a fall under 400K will be dollar positive and a rise above 430K will be bad. See an alternative way to trade this event. Opposition party in Ireland, Fine Gael, wants a haircut for senior bondholders. Now they have a precedent of a default in Denmark to rely on. The current government left this issue for the next government. Trichet didn’t lift tone against inflation. This sent the Euro last week. Egyptian crisis: The strikes in Egypt add fuel to the fire, and could topple the regime. Currently, ships still pass through the Suez canal, but aren’t taxed. A closure of the canal will aid the dollar. The demonstration tomorrow, labeled “Friday of Martyrs”, might be critical. Currensee Community: 60% are long , 40% are short. These are 1344 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 Refuses to Fall Despite the Squeeze in Manufacturing Yohay Elam 12 years EUR/USD is losing the nice gains it made yesterday and is approaching support. Where will it go on this busy day ? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Euro/Dollar failed to break above 1.3760 and fell through 1.37. Fall continues in European session. Current range - 1.3610 to 1.37. Further levels in both directions: Below 1.3610, 1.3576, 1.3440, 1.3334, 1.3267, 1.3180, 1.3080, 1.2970. Above: 1.37, 1.3760, 1.3830, 1.3950, 1.4030, 1.4160 and 1.4230. 1.3760proved to be key resistance once again. 1.3440 is important support below. We're still far.1.3610 is closely watched now.… 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.