EUR/USD is drifting higher within a limited range before key indicators are released in the US. Will it pick a direction? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Made an attempt to conquer 1.3610 – it didn’t make it. 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 – 9:00 European Current Account. Exp. -5.1 billion. 13:30 US Unemployment Claims. Exp. 410K. 13:30 US CPI. Exp. +0.3%. Core CPI, exp. +0.1%. 15:00 Philly Fed Manufacturing Index. Exp. +20.8 points. 15:00 Ben Bernanke talks. 15:00 US Mortgage Delinquencies. 15:00 European Consumer Confidence. Exp. -11. 15:00 US CB Leading Index. Exp. +0.3%. 17:20. US FOMC member Charles Evans talks. 18:10 US FOMC member Richard Fisher talks * All times are GMT. For more events later in the week, see the EUR/USD forecast EUR/USD Sentiment Unrest in the Middle East helps the US dollar. The focus is on Bahrain at the moment – an exporter of oil. Note that the oil pipelines in Egypt aren’t in full capacity as well. Iranian war ships are closely followed by Israel. 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: 64% are long , 36% are short. These are 1526 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 AUD/USD Feb.18-Aussie Rallies against Uncertain US Dollar Tamar Schoppik 11 years EUR/USD is drifting higher within a limited range before key indicators are released in the US. Will it pick a direction? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Made an attempt to conquer 1.3610 - it didn't make it. 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… 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.