EUR/USD is trading at the higher range after another failed attempt to break higher. It’s a busy day all over the world. Will the breakout be seen today? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Dropped to 1.3950 before staying slightly above it. Current range – 1.3950 – 1.4030. Further levels in both directions: Below 1.3950, 1.3860, 1.3760, 1.37, 1.3610, 1.35, 1.3440, 1.3334, 1.3267, 1.3180, 1.3080, 1.2970. Above: 1.4030, 1.4160, 1.4282, 1.44 While the round number of 1.40 is watched by Trichet and European politicians, real resistance is only at 1.4030. This is clearly seen over and over again. Support at 1.3860 is of importance once again, as it prevented significant falls. Euro/Dollar in same range under the very tough resistance- click on the graph to enlarge. EUR/USD Fundamentals – 10:00 European CPI. Exp. +2.4%. Core CPI exp. +1.1%. 12:30 US PPI. Exp. +0.7%. Core PPI exp. +0.2%. 12:30 Building Permits. Exp. 580K. 12:30 US Housing Starts. Exp. 580K. * All times are GMT. For more events later in the week, see the EUR/USD forecast EUR/USD Sentiment Bailout for Portugal – Moody’s just downgraded Portugal’s credit rating by two notches, from A1 to A3. The bailout is getting closer, especially after the EU Summit failed to provide full solutions. Here’s a full analysis of the EU Summit. FOMC Statement: Ben Bernanke and the other members made no changes to the interest rate or the QE2 program. But, the statement was relatively hawkish, dedicating many words to “monitoring inflation”. See the FOMC Review for more. Moody’s downgrades Spain’s credit rating by one level to AA2 but at the moment, Spanish bond yields are falling, showing hope that the crisis will pass over the Euro-zone’s fourth largest economy. Japanese Earthquake rocks markets: The nuclear reactors still pose a danger as radiation levels continue to rise and engineers seem helpless. This is felt all over the world and still strengthens the US dollar. Currensee Community: 59% are long , 41% are short. These are 1437 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 British Employment Data Mixed – Pound Drifting Lower Yohay Elam 12 years EUR/USD is trading at the higher range after another failed attempt to break higher. It's a busy day all over the world. Will the breakout be seen today? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Dropped to 1.3950 before staying slightly above it. Current range - 1.3950 - 1.4030. Further levels in both directions: Below 1.3950, 1.3860, 1.3760, 1.37, 1.3610, 1.35, 1.3440, 1.3334, 1.3267, 1.3180, 1.3080, 1.2970. Above: 1.4030, 1.4160, 1.4282, 1.44 While the round number of 1.40 is watched by Trichet and European politicians, real resistance is only at 1.4030. This… 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.