EUR/USD broke to higher ground, rising above 1.3050. The busy US calendar promises that the action will continue. Here is a quick update on technicals, fundamentals, and community trends. EUR/USD breaking above 1.3050. Click to enlarge. EUR/USD Technicals Asian session: EUR/USD consolidated through most of the session. Current Range is between 1.3050 to 1.3110 Further levels: Below, 1.2840, 1.2770, 1.2610, 1.2460, 1.2330 and 1.2150. Above 1.3110, 1.3267 and 1.3430. EUR/USD now trades between the 50% and 61.8% Fibonacci retracement of the drop from 1.3334 to 1.2591. EUR/USD Fundamentals All times are GMT. Most important events emphasized. 12:30 US Unemployment Claims: Exp. 463K. 12:30 US PPI. Exp. +0.3%. 12:30 US Core PPI. Exp. +0.1%. 12:30 US Current Account. Exp. -124 billion. 13:00 US TIC Long-Term Purchases. Exp. +37.9 billion. 14:00 US Philly Fed Manufacturing Index. Exp. +0.9. 14:00 US Treasury Secretary Timothy Geithner testifies about currencies. High volatilty expected. Testimony resumes again at 18:00. EUR/USD Sentiment Basel II banking accord still positively impacts the Euro. On the other hand, the debt issues never went away, and they are weighing on the common currency. Market is drifting between “risk on” and “risk off” with a tendency to “risk on”. With “risk off”, good US figures boost the dollar and bad ones hurt it. When risk is on, bad US figures boost the dollar. In recent days, we’ve seen more normal behavior. 1.2660 is a stronghold on the downside, 1.3110 on the upside – getting close now. Currensee Community: 56% are Short, 44% are long, up from 53:47 yesterday. Euro losing charm again? These are 1026 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 9 Tips To Separate from the 90% That Don’t Make Yohay Elam 12 years EUR/USD broke to higher ground, rising above 1.3050. The busy US calendar promises that the action will continue. Here is a quick update on technicals, fundamentals, and community trends. EUR/USD breaking above 1.3050. Click to enlarge. EUR/USD Technicals Asian session: EUR/USD consolidated through most of the session. Current Range is between 1.3050 to 1.3110 Further levels: Below, 1.2840, 1.2770, 1.2610, 1.2460, 1.2330 and 1.2150. Above 1.3110, 1.3267 and 1.3430. EUR/USD now trades between the 50% and 61.8% Fibonacci retracement of the drop from 1.3334 to 1.2591. EUR/USD Fundamentals All times are GMT. Most important events emphasized. 12:30 US Unemployment… 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.