EUR/USD looks to move higher, still within range, as the Japanese disaster rages. Many important figures are released today. Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Bounced off the 1.3860 level and managed to cross 1.3950 once again. 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 1.40 is watched by Trichet and European politicians, but real resistance is felt only at 1.4030. This is clearly seen over and over again. Support at 1.3860 just worked like a charm once again. This range becomes frustrating. Euro/Dollar in same range and looking to move higher – click on the graph to enlarge. EUR/USD Fundamentals – 12:30 US Unemployment Claims. Exp. 388K. Employment is the key for a stronger economy and a stronger dollar. 12:30 US CPI. Exp. +0.5%. Will inflation be seen in the US as well? 12:30 US Core CPI. Exp. +0.1%. 13:15 US Industrial Production. Exp. +0.7%. 13:15 US Capacity Utilization Rate. Exp. 76.6%. 14:00 US Philly Fed Manufacturing Index. Exp. 29.9 points. 14:00 US CB Leading Index. Exp. +0.9%. * All times are GMT. For more events later in the week, see the EUR/USD forecast EUR/USD Sentiment Japanese Nuclear Disaster: Fears that the situation is totally out of control in the Fukishima nuclear reactors send USD/JPY lower. The trigger of stop order sent USD/JPY to 76.25 before recovering, still under the previous low. This action weighed on EUR/USD temporarily. Here’s more about the USD/JPY collapse. Bailout for Portugal – Portuguese officials are already speaking out loud about a bailout option if the budget isn’t approved. This joins the downgrade by Moody’s and the weak decision in the EU Summit. 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 to 5.20%, showing the world is focusing on Japan. Currensee Community: 62% are long , 38% are short. These are 1391 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 Fear Radiation Will Reach the US Yohay Elam 12 years EUR/USD looks to move higher, still within range, as the Japanese disaster rages. Many important figures are released today. Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Bounced off the 1.3860 level and managed to cross 1.3950 once again. 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 1.40 is watched by Trichet and European politicians, but real resistance is felt only at 1.4030. This is clearly seen over and over again. 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.