EUR/USD is making a small recovery after the big blow. Will we see a fresh downfall after the break, or stabilization? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD struggling under 1.3830. Click to enlarge. EUR/USD Technicals Asian session: Active session saw EUR/USD bottoming out at 1.37 before recovering towards 1.38.. Current Range between 1.3775 and 1.3830 Further levels in both direcstions: Below, 1.3775, 1.3637, 1.3530, 1.3430 and 1.3333. Above 1.3830, 1.3950, 1.4030, 1.4120, 1.42, 1.4450 and 1.4580. EUR/USD is took a breather after the big fall. EUR/USD Fundamentals All times are GMT. Most important events emphasized. 6:00 German PPI. Exp. 0.2%. Actual 0.3%. Slightly Euro positive. 18:00 US Beige Book. Could supply hints for Fed Meeting. EUR/USD Sentiment Debt issues never went away, but the market disregards them. Maybe they will get more attention now as risk aversion returned. 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 – now the dollar retraces. 1.3832 key level on the upside. 1.3637 key level on the downside. Currensee Community: 54% are long, 46% are short, up from 53:47 yesterday. These are 1094open 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 Forex Daily Outlook – October 21 2010 Anat Dror 12 years EUR/USD is making a small recovery after the big blow. Will we see a fresh downfall after the break, or stabilization? Here's a quick update on technicals, fundamentals and community trends. EUR/USD struggling under 1.3830. Click to enlarge. EUR/USD Technicals Asian session: Active session saw EUR/USD bottoming out at 1.37 before recovering towards 1.38.. Current Range between 1.3775 and 1.3830 Further levels in both direcstions: Below, 1.3775, 1.3637, 1.3530, 1.3430 and 1.3333. Above 1.3830, 1.3950, 1.4030, 1.4120, 1.42, 1.4450 and 1.4580. EUR/USD is took a breather after the big fall. EUR/USD Fundamentals All times are GMT. Most important events… 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.
