EUR/USD failed to settle above critical resistance and its losing ground rather fast. Will it fall more or make another breakout attempt? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Euro/Dollar jumped traded high in the Asian session, but couldn’t stay above 1.3760. Current range – 1.37 – 1.3760. Further levels in both directions: Below 1.37, 1.3610, 1.35, 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. 1.3440 is important support below – just proved itself last week – EUR/USD escaped it once again. The failure to conquer the critical 1.3760 a few weeks ago was a bearish sign. We just saw a repeat of this scenario. Euro/Dollar falling down towards 1.37- click on the graph to enlarge. EUR/USD Fundamentals – 7:00 German Final GDP. Exp. +0.4%. Actual +0.4%. 13:30 US Unemployment Claims. Exp. 403K. 13:30 US Durable Goods Orders. Exp. +2.5%. Core Durable Goods Orders exp. 0.4%. 15:00 US New Home Sales. Exp. 330K. * All times are GMT. For more events later in the week, see the EUR/USD forecast EUR/USD Sentiment The price of oil continues to surge as the Libyan civil war rages, and there is still fear of contagion to other oil-producing mid-East countries. The hawkish comment by ECB members, Mersch and Smaghi about raising the rates continue to boost the Euro, despite the fact that inflation is “imported” – not a result of domestic pressures. A drop of jobless claims under 400K once again can help the US dollar. 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. Elections are held on Friday, February 25th. A bailout for Portugal is getting closer as bond yields are rising and becoming unsustainable again. Currensee Community: 59% are long , 41% are short. These are 1383 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 Libya Attacked by NATO? Oil Prices Leap, Dollar Falls Yohay Elam 12 years EUR/USD failed to settle above critical resistance and its losing ground rather fast. Will it fall more or make another breakout attempt? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Euro/Dollar jumped traded high in the Asian session, but couldn't stay above 1.3760. Current range - 1.37 - 1.3760. Further levels in both directions: Below 1.37, 1.3610, 1.35, 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. 1.3440 is important support below - just proved itself last week - EUR/USD escaped it once again. The failure to conquer… 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.