EUR/USD dropped to lower ground losing an important support line. Important American releases are due today. Will Euro/Dollar drop further today? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD under 1.3830. EUR/USD Technicals Asian session: EUR/USD held on to 1.3830 for some time, but eventually fell. Current Range between 1.37 to 1.3830 Further levels in both direcstions: Below, 1.37, 1.3637, 1.3530, 1.3430 and 1.3333. Above 1.3830, 1.3950, 1.4030, 1.4217, 1.4450 and 1.4580. 1.4030 proved to be a strong line in the past, but EUR/USD couldn’t hold on to it. 1.3830 lost – bearish sign – 1.37 next level. EUR/USD Fundamentals All times are GMT. Most important events emphasized. Throughout the day – German CPI. Exp. +0.1%. 6:45 French Consumer Spending. Exp. +0.5%. Actual +1.5%. 8:30 M3 Money Supply. Exp. +1.4%. 12:30 US Durable Goods Orders. Exp. +1.7%. Core figure exp. +0.4%. 12:30 US New Home Sales. Exp. 300K. EUR/USD Sentiment Debt issues never went away, but the market disregards them. Maybe they will get more attention, especially with budgets in Ireland and Portugal. The inevitable second round of quantitative easing in the US still weighs on weakens the dollar, but the size of QE also depends on economic indicators released this week. QE2 now looks imminent, but also fully priced in the dollar’s weakness – comments regarding the size will have a strong impact on EUR/USD. Currensee Community: 56% are short, 44% are long. Yesterday we had more longs. These are 1104 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 Stabilizes After Rate Decision Yohay Elam 12 years EUR/USD dropped to lower ground losing an important support line. Important American releases are due today. Will Euro/Dollar drop further today? Here's a quick update on technicals, fundamentals and community trends. EUR/USD under 1.3830. EUR/USD Technicals Asian session: EUR/USD held on to 1.3830 for some time, but eventually fell. Current Range between 1.37 to 1.3830 Further levels in both direcstions: Below, 1.37, 1.3637, 1.3530, 1.3430 and 1.3333. Above 1.3830, 1.3950, 1.4030, 1.4217, 1.4450 and 1.4580. 1.4030 proved to be a strong line in the past, but EUR/USD couldn't hold on to it. 1.3830 lost - bearish sign - 1.37 next… 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.