EUR/USD began the week with a big drop. We have a few interesting releases from the US. Are the tables turning on the Euro? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD dropping below 1.39. Click to enlarge. EUR/USD Technicals Asian session: Active session sent the pair down from just under 1.40 to 1.3870. Current Range between 1.3830 and 1.2950 Further levels in both direcstions: Below, 1.3850, 1.3775, 1.3637, 1.3530, 1.3430 and 1.3333. Above 1.3950, 1.4030, 1.4120, 1.42, 1.4450 and 1.4580. Uptrend support becomes irrelevant: 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. 12:30 US TIC Long-Term Purchases. Exp. 47.5 billion. 13:15 US Capacity Utilization Rate. Exp. 74.8%. 13:15 US Industrial Production. Exp. +0.3% EUR/USD Sentiment Debt issues never went away, but the market disregards them. Maybe they will get more attention now. 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, but also fully priced in the dollar’s weakness. 1.3832 key level on the downside. 1.4030 key level on the upside. Currensee Community: 52% are long, 48% are short. These are 1055 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 Oanda Has Highest Profitability Rate Yohay Elam 12 years EUR/USD began the week with a big drop. We have a few interesting releases from the US. Are the tables turning on the Euro? Here's a quick update on technicals, fundamentals and community trends. EUR/USD dropping below 1.39. Click to enlarge. EUR/USD Technicals Asian session: Active session sent the pair down from just under 1.40 to 1.3870. Current Range between 1.3830 and 1.2950 Further levels in both direcstions: Below, 1.3850, 1.3775, 1.3637, 1.3530, 1.3430 and 1.3333. Above 1.3950, 1.4030, 1.4120, 1.42, 1.4450 and 1.4580. Uptrend support becomes irrelevant: Uptrend resistance began on Sep. 8 and uptrend support on Sep.… 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.