EUR/USD is sliding towards weak support in the wake of the new week. Markets have one eye on Iraq and another on the world cup. An attempt to move higher resulted in a drop. Final inflation figures from the euro-zone are awaited. Wednesday’s Fed decision is also beginning to impact markets. Here is a quick update on what’s moving the pair. EUR/USD stabilized on higher ground after the move in the US session. Current range: 1.350 to 1.3550. Further levels in both directions: Below: 1.35, 1.3450, 1.34 and 1.3325. Above: 1.3550, 1.3585, 1.3650, 1.3677 and 1.37. 1.35 strengthens as support. 1.3550 is an immediate resistance line. 1.3585 is next and is stronger. EUR/USD Fundamentals 9:00 Euro-zone CPI. Exp. +0.5%. Core CPI exp. 0.7%. 13:00 US TIC Long-Term Purchases. Exp. +41.3 billion. 13:15 US industrial output. Exp. +0.6%. 13:15 US Capacity Utilization Rate. Exp. 78.9%. 14:00 US NAHB Housing Market Index. Exp. 47 points. *All times are GMT For more events and lines, see the Euro to dollar forecast. EUR/USD Sentiment Eurozone inflation could dig the bottom: Even though the ECB has already made its decision, inflation data remains of importance for the next moves. French and Spanish inflation numbers remain weak, and we could see a downgrade in the final euro-zone CPI for May, keeping the pressure on the ECB. Current figures are at rock bottom cycle levels. A dip below these levels could add pressure on the euro. The US consumer is not enthusiastic: The American consumer is not so active as expected in the second full month of the spring. With the US economy reliant on consumption, this isn’t encouraging. Also consumer confidence fails to impress. Euro weighed by yield differential: The impact of Draghi is still felt on markets: yields in the euro-zone are low and they are beginning to be in contradiction with other regions: the BOE’s Mark Carney said that UK rates will rise sooner than current expectations and this boosted the pound. EUR/GBP fell below 0.80. In New Zealand, the hawkish central bank hints at more hikes. On this background, the easing ECB could push the euro even lower. We will get the US rate decision next Wednesday.. Further reading: EUR/USD Drops to Revisit Four-Month Lows around 1.3500 Support 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 World Cup Unable to Cool Geopolitical Tensions: Scott Smith 8 years EUR/USD is sliding towards weak support in the wake of the new week. Markets have one eye on Iraq and another on the world cup. An attempt to move higher resulted in a drop. Final inflation figures from the euro-zone are awaited. Wednesday's Fed decision is also beginning to impact markets. Here is a quick update on what's moving the pair. EUR/USD stabilized on higher ground after the move in the US session. Current range: 1.350 to 1.3550. Further levels in both directions: Below: 1.35, 1.3450, 1.34 and 1.3325. Above: 1.3550, 1.3585, 1.3650, 1.3677 and 1.37. 1.35 strengthens as… 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.