EUR/USD continued advancing, many hours after QE2 was announced, but is retreating towards the NFP. Will it close the week on higher ground, or will the Non-Farm Payrolls supply relief and keep the pair under resistance? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD marching forward. * Post updated 11:30 GMT. EUR/USD Technicals Asian session: EUR/USD traded in a narrow range between 1.4180 to 1.4230. Current Range between 1.4180 to 1.4150. Further levels in both directions: Below, 1.4080, 1.4030, 1.3950, 1.3830, 1.37, and 1.3637. Above 1.4150, 1.4217, 1.4280, 1.4450 and 1.4580. 1.4217 pivotal point in the aftermath of QE2. 1.4030 provides strong strong support. EUR/USD Fundamentals All times are GMT. Most important events emphasized. 11:00 German Factory Orders. Exp. +0.5%. Actual -4% – bad for the Euro. 12:30. US Non Farm Payrolls. +50K expected. Unemployment rate to remain at 9.6%. 13:30 US FOMC member Thomas Hoeing talks. He voted against QE2. 14:00 US Pending Home Sales. Exp. +3.2%. 17:20 US FOMC member James Bullard talks. 18:00 US FOMC chairman Ben Bernanke talks. EUR/USD Sentiment QE2 in the US was announced and hurt the dollar across the board. The echoes will continue to be heard also today, and for many days. Profit taking could occur. Irish debt issues are becoming a problem once again. This could erupt as a full-blown crisis. Non-Farm Payrolls big event for today. A positive number could supply relief for the dollar. Note that high volatility is expected around the event. Currensee Community: 55% are short, 45% are long. These are 1106 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 Non-Farm Payrolls Triple Expectations – EUR/USD Falls Yohay Elam 12 years EUR/USD continued advancing, many hours after QE2 was announced, but is retreating towards the NFP. Will it close the week on higher ground, or will the Non-Farm Payrolls supply relief and keep the pair under resistance? Here's a quick update on technicals, fundamentals and community trends. EUR/USD marching forward. * Post updated 11:30 GMT. EUR/USD Technicals Asian session: EUR/USD traded in a narrow range between 1.4180 to 1.4230. Current Range between 1.4180 to 1.4150. Further levels in both directions: Below, 1.4080, 1.4030, 1.3950, 1.3830, 1.37, and 1.3637. Above 1.4150, 1.4217, 1.4280, 1.4450 and 1.4580. 1.4217 pivotal point in the aftermath… 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.