EUR/USD approached higher resistance but failed to break above it and fell all the way to the support line Is it gaining strength for the next move, or is it a sign that this move is over? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: traded between 1.3640 to 1.3687, before sliding in the European session. Current range – 1.3576 to 1.37. EUR USD Chart January 25 - Click to enlarge Further levels in both directions: Below 1.3576, 1.3440, 1.3334, 1.3267, 1.3180, 1.3080, 1.2970, 1.2920, 1.28, 1.2722, 1.2587. Above 1.37, 1.3786, 1.3950, 1.4030 and 1.4220. 1.3440 is the key level – it has stopped the Euro so many times in the past – we’ve seen false breakouts in both directions. This is the key on the downside. 1.37 proves to be strong resistance. Euro/Dollar dropping within range – click on the graph to enlarge. EUR/USD Fundamentals – 7:00 GfK German Consumer Climate. Exp. 5.5 points. Actual 5.7 – Euro positive 7:45 French Consumer Spending. Exp. +0.4%. Actual +0.6%. 14:00 US S&P/CS Composite-20 HPI. Exp. -1.4%. 15:00 US CB Consumer Confidence. Exp. 54.5 points. 15:00 US Richmond Manufacturing Index. Exp. 23 points. 15:00 US HPI. Exp. -0.1%. * All times are GMT. For more events later in the week, see the EUR/USD forecast. EUR/USD Sentiment British contraction in Q4 weighs on the Euro and adds to the falls. Spain’s program to shore up the troubled savings banks (cajas) receives a warm welcome, although this looks like the situation in Ireland one year ago. Spanish yields are 5.28%- slightly higher than yesterday. Strategists shift positions in favor of the Euro. Irish prime minister resigned from leading his party. Currently this has little impact. Inflation is becoming problematic for Europe. This comes as employment is still high. Double trouble for Europe. Trichet showed concerns about inflation and boosted the Euro. Less fear from a rate hike helps the Euro – a rate hike is also pushed by German PPI. Currensee Community: 63% are long , 37% are short. These are 1359 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 Reality Bites GB £ Yohay Elam 12 years EUR/USD approached higher resistance but failed to break above it and fell all the way to the support line Is it gaining strength for the next move, or is it a sign that this move is over? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: traded between 1.3640 to 1.3687, before sliding in the European session. Current range - 1.3576 to 1.37. [caption id="attachment_14719" align="alignright" width="400" caption="EUR USD Chart January 25 - Click to enlarge"][/caption] Further levels in both directions: Below 1.3576, 1.3440, 1.3334, 1.3267, 1.3180, 1.3080, 1.2970, 1.2920, 1.28, 1.2722, 1.2587.… 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.