EUR/USD Feb. 8 – Rising in Range

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EUR/USD manages to rise from the lows and to push higher, still within known ranges. Will it break even higher? Here’s a quick update on technicals, fundamentals and community trends.

EUR/USD Technicals

  • Asian session:  Euro/Dollar bounced off 1.3570 and pushed through 1.3610.
  • Current range – 1.3610 to 1.37.

EUR USD Chart - February 8

  • 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.
  • 1.3760 is the key resistance line.
  • 1.3440 is important support below, not so close at the moment.

Euro/Dollar small recovery- click on the graph to enlarge.

EUR/USD Fundamentals –

  • 11:00 German Industrial Production. Exp. +0.2%.
  • 15:00 US IBD/TIPP Economic Optimism. Exp. 52.8 points.
  • 18:00 FOMC member Richard Fisher talks

* All times are GMT.

For more events later in the week, see the EUR/USD forecast

EUR/USD Sentiment

Currensee Community: 61% are long , 39% are short. These are 1367 open positions in real accounts trading this pair at the moment. 

Get the 5 most predictable currency pairs

About Author

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.

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