EUR/USD starts the week with consolidation after a strong moves last week. Will it get ready for the next push on this light day? Here is a quick update on technicals, fundamentals, and community trends. EUR/USD consolidating withing uptrend channel. EUR/USD Technicals Asian session: EUR/USD consolidating in a narrow range – 1.3450 to 1.3480. Current Range is between 1.3430 to 1.3500. Further levels: Below, 1.3365, 1.3267, 1.3160, 1.3110, 1.3040 and 1.2920. Above 1.3530 (very close), 1.37, 1.3850, 1.40 and 1.42. Wide uptrend channel: Uptrend resistance began on Sep. 8 and uptrend support on Sep. 13. Trading is characterized with many hours of consolidation, followed by a few hours of sharp rises. EUR/USD Fundamentals All times are GMT. Most important events emphasized. 8:00 M3 Money Supply. Exp. +0.4%. Actual +1.1%. Euro positive. 13:00 ECB President Jean-Claude Trichet testifies in the European parliament. EUR/USD Sentiment Debt issues never went away, but the market currently disregards Irish and Portuguese high spreads. Dollar weakness is the name of the game in the markets. The Euro is enjoying it but might suffer from adjustments just before the week ends. The important 1.3430 line was broken – bullish sign. Currensee Community: 52% are long, 48% are short. These are 1049 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 Forex Daily Outlook – September 28 2010 Anat Dror 12 years EUR/USD starts the week with consolidation after a strong moves last week. Will it get ready for the next push on this light day? Here is a quick update on technicals, fundamentals, and community trends. EUR/USD consolidating withing uptrend channel. EUR/USD Technicals Asian session: EUR/USD consolidating in a narrow range - 1.3450 to 1.3480. Current Range is between 1.3430 to 1.3500. Further levels: Below, 1.3365, 1.3267, 1.3160, 1.3110, 1.3040 and 1.2920. Above 1.3530 (very close), 1.37, 1.3850, 1.40 and 1.42. Wide uptrend channel: Uptrend resistance began on Sep. 8 and uptrend support on Sep. 13. Trading is characterized with many… 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.
