EUR/USD jumped above resistance after the Irish government finally decided to formally ask for IMF / EU aid. Will it push forward, or will this move be short-lived? Here’s a quick update on technicals, fundamentals and community trends. Euro/Dollar above 1.37 EUR/USD Technicals Asian session: EUR/USD broke above 1.37 and held on to it. 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. 1.3440 significant lower point – this was the lowest in 7 weeks. 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. 15:00 European Consumer Confidence. Exp. -10 points. 16:00 ECB president Jean-Claude Trichet talks. EUR/USD Sentiment Irish cabinet decision to formally ask for aid of around 70-80 billion euros is significant progress in resolving the crisis. Headlines from Ireland will continue to rock the Euro. It’s also important to note headlines from Portugal, which is already marked as the next domino. 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: 52% are short, 48% are long – last week we had more longs. These are 1210 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 NZD/USD Falls as S&P Downgrades New Zealand’s outlook Yohay Elam 12 years EUR/USD jumped above resistance after the Irish government finally decided to formally ask for IMF / EU aid. Will it push forward, or will this move be short-lived? Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar above 1.37 EUR/USD Technicals Asian session: EUR/USD broke above 1.37 and held on to it. 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. 1.3440 significant lower point - this was the lowest in 7 weeks. 1.3830 significant higher point.… 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.
