EUR/USD is consolidating above important support. The week ends with Ben Bernanke and many important releases, promising an exciting close to the week. Here’s a quick update on technicals, fundamentals and community trends. EUR/USD consolidating above 1.4030. Click to enlarge. EUR/USD Technicals Asian session: EUR/USD fell towards the 1.4030 support line and bounced back higher. Current Range between 1.4030 and 1.4122 Further levels in both direcstions: Below, 1.40, 1.3950, 1.3850, 1.38, 1.3717, and 1.3637. Above 1.4120, 1.42, 1.4450 and 1.4580. Uptrend support lost again, becoming less important: Uptrend resistance began on Sep. 8 and uptrend support on Sep. 13. Trading is characterized with many hours of consolidation, followed by few hours of sharp rises. Note that the uptrend support line was slightly modified. Support was lost, reconquered, and lost again. Support and resistance lines are more important. EUR/USD Fundamentals All times are GMT. Most important events emphasized. 9:00 CPI. Exp. 1.8%. Core CPI 1%. 9:00 Trade Balance. Exp. +1.3 billion. 12:15 US Federal Reserve chairman Ben Bernanke talks. 12:30 US Retail Sales. Exp. +0.5%. Core sales +0.4% 12:30 US CPI. Exp. +0.2%. Core CPI +0.1%. 12:30 US Empire State Manufacturing Index. Exp. 7.1 points. 13:55 US Consumer Sentiment. Exp. 68.8 points. 14:00 US Business Inventories. Exp. +0.5%. 18:00 US Federal Budget Balance. Exp. -32 billion. 20:00 US Treasury Currency Report. EUR/USD Sentiment Debt issues never went away, but the market disregards them. Only very bad news could stop the Euro. The inevitable second round of quantitative easing in the US still weighs on weakens the dollar, but the size of QE depends on the current situation and especially on jobs which disappointed on Friday. QE2 now looks imminent after the meeting minutes. 1.4030 is a key level on the downside. 1.4217 is the next level to watch. Currensee Community: 50% are long, 50% are short. These are 1097 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 Gold & Dollar – Which One Leads? Yohay Elam 12 years EUR/USD is consolidating above important support. The week ends with Ben Bernanke and many important releases, promising an exciting close to the week. Here's a quick update on technicals, fundamentals and community trends. EUR/USD consolidating above 1.4030. Click to enlarge. EUR/USD Technicals Asian session: EUR/USD fell towards the 1.4030 support line and bounced back higher. Current Range between 1.4030 and 1.4122 Further levels in both direcstions: Below, 1.40, 1.3950, 1.3850, 1.38, 1.3717, and 1.3637. Above 1.4120, 1.42, 1.4450 and 1.4580. Uptrend support lost again, becoming less important: Uptrend resistance began on Sep. 8 and uptrend support on Sep. 13.… 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.