EUR/USD loses more ground and is approaching an important support line. Will it bounce here or break down on this busy day? Here’s a quick update on technicals, fundamentals and community trends. Euro/Dollar approaching 1.37 EUR/USD Technicals Asian session: EUR/USD traded in a low range under 1.38. Current Range between 1.37 to 1.3830. Further levels in both directions: Below, 1.37, and 1.3637. Above 1.3830, 1.3950, 1.4030, 1.4030, 1.4160, 1.4217, 1.4280, 1.4450 and 1.4580. 1.37 significant lower point 1.4030 significant higher point. EUR/USD Fundamentals All times are GMT. Most important events emphasized. 6:30 French CPI. Exp. +0.2%. Actual +0.1%. 7:00 German WPI. Exp. +0.7%. Actual -0.3%. Disappointment. 7:45 French Industrial Production. Exp. +0.2%. Actual +0.1%. 13:30 US Unemployment Claims. Exp. 451K. 13:30 US Trade Balance. Exp. -45 billion. 18:00 ECB president Jean-Claude Trichet talks. 19:00 US Federal Budget Balance. Exp. -153 billion. EUR/USD Sentiment QE2 has a stronger effect on commodity currencies than the majors, although Europe begins to drag down everybody. Irish debt issues are becoming a problem once again, with Irish banks leading the pack. Tensions towards the G-20 summit in the upcoming weekend are also on the agenda, but there’s a small chance of any agreement reached. Currensee Community: 59% are long, 41% are short. These are 1171 open positions in real accounts trading this pair at the moment. Is the community seeing the dollar escape the bearish trend with QE2? Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. 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 Forex News Today: Daily Trading News share Read Next AUD/USD Nov. 10 – Parity Provides Support Yohay Elam 12 years EUR/USD loses more ground and is approaching an important support line. Will it bounce here or break down on this busy day? Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar approaching 1.37 EUR/USD Technicals Asian session: EUR/USD traded in a low range under 1.38. Current Range between 1.37 to 1.3830. Further levels in both directions: Below, 1.37, and 1.3637. Above 1.3830, 1.3950, 1.4030, 1.4030, 1.4160, 1.4217, 1.4280, 1.4450 and 1.4580. 1.37 significant lower point 1.4030 significant higher point. EUR/USD Fundamentals All times are GMT. Most important events emphasized. 6:30 French CPI. Exp. +0.2%. Actual +0.1%. 7:00 German… 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.