EUR/USD continues to rise in the wide channel, but the same resistance is holding it down. Will it break uptrend support or surge upwards? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: traded in a narrow range between 1.3660 to 1.37.. Current range – 1.3576 to 1.37. EUR USD Chart January 26 - 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. Uptrend support is getting closer, 1.3630 at the time of writing, and can cushion a fall. 1.37 proves to be strong resistance – very stubborn in recent days. 1.3440 is the key downside level – it has stopped the Euro so many times in the past. Euro/Dollar between two lines – click on the graph to enlarge. EUR/USD Fundamentals – 7:00 German Import Prices. Exp. +1.3%. Actual 2.3%. A reminder of inflation. 15:00 US New Home Sales. Exp. 302K. 19:15 US rate decision. No change expected, but currencies will rock. * All times are GMT. For more events later in the week, see the EUR/USD forecast. EUR/USD Sentiment Focus is on Ben Bernanke. No change is expected regarding the interest rate. Any changes in the statement will shake the markets. See FOMC preview for details. Spain’s program to shore up the troubled savings banks (cajas) is doubted by some analysts – this looks like the situation in Ireland one year ago. Spanish yields are 5.40%- significantly higher. British contraction in Q4 weighs on the Euro. There are some concerns if the Irish parliament will indeed ratify the finance bill. This is essential for the EU / IMF bailout program. 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. 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 GBP/USD Jumps on Pressures for a Hike – Short Yohay Elam 12 years EUR/USD continues to rise in the wide channel, but the same resistance is holding it down. Will it break uptrend support or surge upwards? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: traded in a narrow range between 1.3660 to 1.37.. Current range - 1.3576 to 1.37. [caption id="attachment_14757" align="alignright" width="400" caption="EUR USD Chart January 26 - 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. Above 1.37, 1.3786, 1.3950, 1.4030 and 1.4220. Uptrend support is getting closer, 1.3630… 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.