EUR/USD could not break higher after escaping from low figures. Will the weak figures send it lower? Or will it break higher? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Climbed and made an attempt to break above 1.3570 -it failed. Current range – 1.3500 – 1.3570 Further levels in both directions: Below 1.35, 1.3440, 1.3334, 1.3267, 1.3180, 1.3080, 1.2970. Above: 1.3570, 1.3610, 1.37, 1.3760, 1.3830, 1.3950, 1.4030, 1.4160 and 1.4230. 1.3440 is important support below – just proved itself in recent days. The failure to conquer the critical 1.3760 is a bearish sign Euro/Dollar in same range – click on the graph to enlarge. EUR/USD Fundamentals – 13:30 US PPI. Exp. +0.9%. Core PPI, exp. +0.2%. 13:30 US Building Permits. Exp. 570K. 13:30 US Housing Starts. Exp. 550K. 14:15 US Industrial Production. Exp. +0.5%. 14:15 US Capacity Utilization Rate. Exp. 76.4%. 15:00 US Treasury Secretary Timothy Geithner talks. 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 GDP figures yesterday were weaker than expected, especially in France, but also in other Euro-zone countries. The departure of Axel Weber from the ECB continues to weigh on the Euro – now there’s a new candidate – Jens Weidmann, Chancellor Merkel’s aide. Irish debt is a big burden: There are growing talks of a default in Ireland. 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. A bailout for Portugal is getting closer as bond yields are rising and becoming unsustainable again. Currensee Community: 61% are long , 39% are short. These are 1366 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 King Pounds the Pound February 2016 GBP falls Yohay Elam 12 years EUR/USD could not break higher after escaping from low figures. Will the weak figures send it lower? Or will it break higher? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Climbed and made an attempt to break above 1.3570 -it failed. Current range - 1.3500 - 1.3570 Further levels in both directions: Below 1.35, 1.3440, 1.3334, 1.3267, 1.3180, 1.3080, 1.2970. Above: 1.3570, 1.3610, 1.37, 1.3760, 1.3830, 1.3950, 1.4030, 1.4160 and 1.4230. 1.3440 is important support below - just proved itself in recent days. The failure to conquer the critical 1.3760 is a bearish… 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.