EUR/USD is holding on to its significant gains it made last week, and remains above high support as we have important events already on Monday. Will it fall from these highs or test the one year high? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Quiet session sees EUR/USD stick above 1.4160. Current range – 1.4160 – 1.4282 Further levels in both directions: Below 1.4160, 1.4030, 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: 1.4282, 1.4450, 1.4580, 1.48. 1.4030 now turned into important support after being broken – this is the key level to lower ones. 1.4282 is the highest level in a year and is eyed by many. A test of this level may be tough. Euro/Dollar starts the week at high support – click on the graph to enlarge. EUR/USD Fundamentals – 14:00 US Existing Home Sales. Exp. 5.15 million. 14:00 ECB President Jean-Claude Trichet talks. * All times are GMT. For more events later in the week, see the EUR/USD forecast EUR/USD Sentiment Trichet continues to boost EUR/USD: In a speech on Friday, Trichet hinted that no change is expected with the rates. This sent the Euro higher. He’ll now have a chance to boost the Euro again International Currency Intervention: The G7 countries intervened to push the yen lower and aid Japan’s economy in the face of the earthquake. The ECB, together with French and German central banks, bought a lot of EUR/JPY – more than American buys of USD/JPY – pushing EUR/USD higher.. Libyan Airstrikes Approved: Air strikes in Libya began over the weekend and they already push the price of oil higher. This weighs on the US dollar. See a full analysis of the UN decision on Libya and the implications for oil and the dollar. Bailout for Portugal – The second EU Summit at the of the week is critical for the Euro. Portuguese officials warn that if the budget isn’t approved, they’ll seek a bailout.Together with the credit downgrade by Moody’s and the weak decision in the first EU Summit, this makes the bailout closer. He re’s a full analysis of the EU Summit. Currensee Community: 59% are long , 41% are short. These are 1356 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 Khamis Gaddafi Killed? Could be a Turning Point Yohay Elam 12 years EUR/USD is holding on to its significant gains it made last week, and remains above high support as we have important events already on Monday. Will it fall from these highs or test the one year high? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Quiet session sees EUR/USD stick above 1.4160. Current range - 1.4160 - 1.4282 Further levels in both directions: Below 1.4160, 1.4030, 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: 1.4282, 1.4450, 1.4580, 1.48. 1.4030 now turned into important support after being broken -… 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.