EUR/USD failed to break higher and fell back down to support, as risk to global growth looms. Will this support be lost? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Quiet session sees Euro/Dollar slightly lower. Current range – 1.3760 – 1.3860. Further levels in both directions: Below 1.3760, 1.37, 1.3610, 1.35, 1.3440, 1.3334, 1.3267, 1.3180, 1.3080, 1.2970. Above: 1.3860, 1.3950, 1.4030, 1.4160 and 1.4230. 1.3860 proved to be strong resistance. 1.3760 turned into a pivotal line. Major support is only at 1.3440. Euro/Dollar around the 1.3760 line – click on the graph to enlarge. EUR/USD Fundamentals – 10:00 European PPI. Exp. +1.1%. 12:30 US Challenger Job Cuts. 13:30 ADP Non-Farm Payrolls. Exp. +178K. 15:00 US Federal Reserve Chairman Ben Bernanke talks. 19:00 US Beige Book. * All times are GMT. For more events later in the week, see the EUR/USD forecast EUR/USD Sentiment Libyan civil war is still going on – Gaddafi’s exit didn’t happen just yet. The price of oil continues to rise and this risks global growth. An intervention by NATO seems closer. Note that there is unrest also in Oman, Yemen and even in Saudi Arabia. In Iran, opposition leaders are in jail, and the masses want their release.. ADP will provide some indication towards Friday’s Non-Farm Payrolls. They are expected to be positive. See the NFP preview for details. The Irish people have spoken out – the government that signed the bailout plan has been kicked out and the new government will renegotiate the bailout program. See the analysis of how the Irish elections can weaken the Euro. A bailout for Portugal is getting closer as bond yields are rising and becoming unsustainable again. They might further rise after the Irish elections. Currensee Community: 62% are long , 38% are short. These are 1525 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 DragonOptions – A new Binary Options White Label From Yohay Elam 12 years EUR/USD failed to break higher and fell back down to support, as risk to global growth looms. Will this support be lost? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Quiet session sees Euro/Dollar slightly lower. Current range - 1.3760 - 1.3860. Further levels in both directions: Below 1.3760, 1.37, 1.3610, 1.35, 1.3440, 1.3334, 1.3267, 1.3180, 1.3080, 1.2970. Above: 1.3860, 1.3950, 1.4030, 1.4160 and 1.4230. 1.3860 proved to be strong resistance. 1.3760 turned into a pivotal line. Major support is only at 1.3440. Euro/Dollar around the 1.3760 line - click on the graph to… 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.