EUR/USD lost more support and is now hovering just above levels last seen 4 months ago. With Non-Farm Payrolls (and other releases), we’re up for a grand finale for the week. Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Narrow range between 1.2970 to 1.3025. Current Range between 1.2970 and 1.3080 Further levels in both directions: Below 1.2970, 1.2920, 1.2722, 1.2587. Above 1.3080, 1.3180, 1.3267, 1.3334, 1.3440, 1.3576, 1.37, 1.3786, 1.3950 and 1.4030. 1.3440 is important resistance above. 1.2970 is was the lowest level in 4 months, and it’s a critical support line. Next significant support is only at 1.2722. Euro/Dollar trending down- click to enlarge graph EUR/USD Fundamentals – 7:00 German Retail Sales. Exp. +0.6%. Actual -2.4%. Another burden on the Euro. 7:00 German Trade Balance. Exp. +14.5 billion, actual 11.8 billion. 9:00 ECB President Jean-Claude Trichet talks. 10:00 European Unemployment Rate. Exp. 10.1%. 10:00 European Final GDP (Q3). Exp. +0.4%. 11:00 German Industrial Production. Exp. -0.1%. 13:30 US Non-Farm Payrolls. Exp. 160-200K. Expectations became very high. 13:30 US Unemployment Rate. Exp. 9.7%. 14:30 Federal Reserve chairman Ben Bernanke talks. * All times are GMT. For more events later in the week, see the EUR/USD forecast. EUR/USD Sentiment There are very high hopes for the Non-Farm Payrolls, the king of forex. These expectations grew after this week’s great American figures. Are the expectations too high now? Here’s the Non-Farm Payrolls preview. US figures were great so far, both ADP and Services PMI exceeded expectations and pushed the dollar higher. Inflation is becoming problematic for Europe. This comes as employment is still high. Double trouble for Europe. A consultation paper about defaulting of banks stirs the markets. Greece is denying talks about default, but the European Commission is pushing through with it. Irish Banks also endangered. Greece is denying the chances of a default – too much smoke without fire. Currensee Community: 47% are long , 53% are short, more than yesterday. These are 1312 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 DailyForex News Today: Daily Trading News share Read Next Spanish Bond Yields Moving Higher Yohay Elam 12 years EUR/USD lost more support and is now hovering just above levels last seen 4 months ago. With Non-Farm Payrolls (and other releases), we're up for a grand finale for the week. Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Narrow range between 1.2970 to 1.3025. Current Range between 1.2970 and 1.3080 Further levels in both directions: Below 1.2970, 1.2920, 1.2722, 1.2587. Above 1.3080, 1.3180, 1.3267, 1.3334, 1.3440, 1.3576, 1.37, 1.3786, 1.3950 and 1.4030. 1.3440 is important resistance above. 1.2970 is was the lowest level in 4 months, and it's a critical support… 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.