EUR/USD dipped before the Irish news was released but returned back to the previous range and even pushes higher towards important resistance. Where will the Euro go on this busy day? Here’s a quick update on , fundamentals, fundamentals, and community trends. EUR/USD after Itish decision. EUR/USD Technicals Asian session: EUR/USD dropped down to 1.3560 before returning to the 1.3625 area.. Current Range between 1.3530 to 1.37.. Further levels in both direcstions: Below, 1.35, 1.3430, 1.3365, 1.3267, 1.3160, and 1.3110. Above 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 few hours of sharp rises. EUR/USD Fundamentals All times are GMT. Most important events emphasized. 7:55 German Unemployment Change. Exp. -20K. Actual -40K. Euro positive. 9:00 CPI Flash Estimate. Exp. 1.8%. Actual 1.8%. 12:30 US Final GDP. Exp. +1.6%. 12:30 US Unemployment Claims. Exp. 458K. 13:45 US Chicago PMI. Exp. 56 points. 14:00 and 18:30. Ben Bernanke testifies. This usually has a strong impact, but this time it will be weaker, as the data was leaked, and didn’t contain big surprises. EUR/USD Sentiment The Irish plan to bail out Anglo-Irish was in the expected size, maximum 34.3 million. The Irish government also said it would not raise money from the markets during October and November, as it doesn’t need it now (and the market offer good rates). The big question remains about the “haircut” that debt holders will have to pay. News about the size of concessions can still rock the Euro. Debt issues never went away, but the market disregards them. Apart from the Irish issues, Spain got a credit rating downgrade from Moody’s. The inevitable second round of quantitative easing in the US weakens the dollar. 1.37 is important on the upside Currensee Community: 52% are long, 48% are short, slightly down from 52:48 yesterday. These are 1041 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 This Emotion Will Destroy Your Trading Career Yohay Elam 12 years EUR/USD dipped before the Irish news was released but returned back to the previous range and even pushes higher towards important resistance. Where will the Euro go on this busy day? Here's a quick update on , fundamentals, fundamentals, and community trends. EUR/USD after Itish decision. EUR/USD Technicals Asian session: EUR/USD dropped down to 1.3560 before returning to the 1.3625 area.. Current Range between 1.3530 to 1.37.. Further levels in both direcstions: Below, 1.35, 1.3430, 1.3365, 1.3267, 1.3160, and 1.3110. Above 1.37, 1.3850, 1.40 and 1.42. Wide uptrend channel: 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.