EUR/USD started the week in a lower range than its close on Friday, before important US figures are released. Is it pausing before a new fall? Here’s a quick update on technicals, fundamentals and community trends. Euro/Dollar in low range EUR/USD Technicals Asian session: A run over 1.37 was short-lived. Current Range between 1.3640 to 1.37. Further levels in both directions: Below 1.3640, 1.3530, 1.3430, 1.3334, 1.3267, 1.3114 and 1.2920. Above 1.37, 1.3830, 1.3950, 1.4030, 1.4030, 1.4160, and 1.4217. 1.3334 significant lower point 1.3830 significant higher point. EUR/USD Fundamentals All times are GMT. Most important events emphasized. 10:00 European Trade Balance. Exp. +1.3 billion. 13:30 US Retail Sales. Exp. +0.7%. Core retail sales, exp. +0.4%. 13:30 US Empire State Manufacturing Index. Exp. 13.9 points. 15:00 US Business Inventories. Exp. +0.6%. EUR/USD Sentiment The EU pushes Ireland to take a bailout package quickly, as there are fears that the debt crisis will spread to other countries such as Spain and Italy. Bad European GDP just adds on to the Irish crisis. QE2 has a stronger effect on commodity currencies than the majors, although Europe begins to drag down everybody. Currensee Community: 58% are long, 42% are short. These are 1193 open positions in real accounts trading this pair at the moment. Is the community seeing a Euro recovery underway? 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. 15 – Losing More Ground Yohay Elam 11 years EUR/USD started the week in a lower range than its close on Friday, before important US figures are released. Is it pausing before a new fall? Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar in low range EUR/USD Technicals Asian session: A run over 1.37 was short-lived. Current Range between 1.3640 to 1.37. Further levels in both directions: Below 1.3640, 1.3530, 1.3430, 1.3334, 1.3267, 1.3114 and 1.2920. Above 1.37, 1.3830, 1.3950, 1.4030, 1.4030, 1.4160, and 1.4217. 1.3334 significant lower point 1.3830 significant higher point. EUR/USD Fundamentals All times are GMT. Most important events emphasized. 10:00 European Trade… Top 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.
