EUR/USD jumped higher on hopes for a resolution in Ireland and is now fighting to settle above a higher resistance line. Will it close the week even higher, or will the current positions be reversed? Here’s a quick update on technicals, fundamentals and community trends. Euro/Dollar above 1.37 EUR/USD Technicals Asian session: EUR/USD struggled with 1.3640. Break higher came on European session. Current Range between 1.37 to 1.3830 Further levels in both directions: Below 1.37, 1.3640, 1.3530, 1.3430, 1.3334, 1.3267, 1.3114 and 1.2920. Above 1.3830, 1.3950, 1.4030, 1.4030, 1.4160, and 1.4217. 1.3334 significant lower point – this was an important peak in August, after which the Euro made a big decline. A struggle will probably be seen here. 1.3830 significant higher point. EUR/USD has to convince that it conquered 1.37 first. EUR/USD Fundamentals All times are GMT. Most important events emphasized. 7:00 German PPI. Exp. +0.4%. Actual +0.4%. 10:15 US Federal Reserve Chairman Ben Bernanke talks. 10:45 ECB president Jean-Claude Trichet talks. 12:30 ECB member Axel Weber talks. EUR/USD Sentiment Ireland bailout terms discussed in depth. While Ireland still has cash for some time, the EU wants to prevent the contagion scenario, in which big economies such as Spain and Italy cannot raise money. Note that Bernanke’s speech has already been leaked, yet the actual speech will still rock the market, and so will the other speakers. Chinese hike of the reserve requirement doesn’t have an impact on the Euro. A hike in the Chinese interest rate is what’s needed to take the Euro down. Currensee Community: 51% are long, 49% are short, down from 52:48 yesterday. These are 1207 open positions in real accounts trading this pair at the moment. 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 Lower US dollar In Coming Week – Elliott Wave Analysis Gregor Horvat 12 years EUR/USD jumped higher on hopes for a resolution in Ireland and is now fighting to settle above a higher resistance line. Will it close the week even higher, or will the current positions be reversed? Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar above 1.37 EUR/USD Technicals Asian session: EUR/USD struggled with 1.3640. Break higher came on European session. Current Range between 1.37 to 1.3830 Further levels in both directions: Below 1.37, 1.3640, 1.3530, 1.3430, 1.3334, 1.3267, 1.3114 and 1.2920. Above 1.3830, 1.3950, 1.4030, 1.4030, 1.4160, and 1.4217. 1.3334 significant lower point - this was an… 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.