EUR/USD is losing more ground as talks about an upcoming rescue plan for Portugal are starting to run around. Bad headlines on thin volume mean strong action. Here’s a quick update on technicals, fundamentals and community trends. Euro/Dollar around 1.33 EUR/USD Technicals Asian session: EUR/USD stabilized around 1.33 and then fell. Current Range between 1.3114 to 1.3267. Further levels in both directions: Below 1.3114, 1.2920, 1.2722, 1.2587. Above 1.3267, 1.3334, 1.3430, 1.3640, 1.37, 1.3830, 1.3950 and 1.4030. 1.3114 next significant support line. 1.3830 significant higher point – far away now. EUR/USD Fundamentals 7:45 French Consumer Spending. Exp. +0.2%. Actual -0.2%. 9:00 M3 Money Supply. Exp. +1.3%. German CPI. Exp. 0%. EUR/USD Sentiment An article in the German Financial Times suggests that European officials are pushing Portugal to take aid. The Irish government seems to have lost support to pass the plan – putting a big doubt over the feasibility of the bailout plan. Spanish bond auction showed signs of contagion – yields are significantly higher. Low trading volume expected due to US holiday, yet important news from Europe can find the market unprepared, meaning that technical levels could be temporarily broken. It’s risky trading now. Currensee Community: 53% are long , 47% are short- yesterday we had more shorts. These are 1179 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 North Korea Fires Warning Shells, South Korean Weak Minister Yohay Elam 11 years EUR/USD is losing more ground as talks about an upcoming rescue plan for Portugal are starting to run around. Bad headlines on thin volume mean strong action. Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar around 1.33 EUR/USD Technicals Asian session: EUR/USD stabilized around 1.33 and then fell. Current Range between 1.3114 to 1.3267. Further levels in both directions: Below 1.3114, 1.2920, 1.2722, 1.2587. Above 1.3267, 1.3334, 1.3430, 1.3640, 1.37, 1.3830, 1.3950 and 1.4030. 1.3114 next significant support line. 1.3830 significant higher point - far away now. EUR/USD Fundamentals 7:45 French Consumer Spending. Exp. +0.2%. Actual… 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.
