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. 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 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. ECB member Gonzalez said that the ECB will eventually have to raise the rates – this boosts the Euro. The fall in US unemployment rate helped the dollar close the week positively. Trichet didn’t lift tone against inflation. This sent the Euro last week. Egyptian crisis: There are talks that Mubarak will leave to Germany, aiding a safe transition of power to Suleiman and a resolution to the crisis. Currensee Community: 61% are long , 39% are short. These are 1367 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 Chinese Rate Hike has Little Impact on AUD/USD Yohay Elam 12 years 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. 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… 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.
