EUR/USD is edging up within the range, awaiting the hopeful vote on the Irish budget, that could provide a boost to the Euro . Here’s a quick update on technicals, fundamentals and community trends.
Euro/Dollar around 1.3334.
EUR/USD Technicals
- Asian session: Â Quiet trade around 1.3334.
- Current Range between 1.334 to 1.3440.
- Further levels in both directions: Below  1.3334, 1.3267, 1.32, 1.3114, 1.30, 1.2920, 1.2722, 1.2587. Above  1.3440, 1.3640, 1.37, 1.3830, 1.3950 and 1.4030.
- 1.2720 is a low, very strong support line.
- 1.3830 significant higher point – far away now.
EUR/USD Fundamentals –
- 11:00 German Factory Orders. Exp. +1.9%.
- 15:00 US IBD/TIPP Economic Optimism. Exp. 48.3 points.
- 20:00 US Consumer Credit. Exp. -0.9 billion.
* All times are GMT.
EUR/USD Sentiment
- Spanish bonds yields rise again, as Trichet’s bond buying program is rather limited.
- The draconian Irish  budget is likely to pass, as independent members of parliament announced that they would vote with the government. The budget is a condition for the EU / IMF deal.
- US Non-Farm Payrolls came out weaker than expected, weighing on the dollar. This will continue weighing.
- The Belgians want a bigger bailout fund, angering Germany. Talks about enlargement will also rock the Euro.
- Currensee Community: 47% are long , 53% are short. These are 1323 open positions in real accounts trading this pair at the moment. The community doesn’t believe in this Euro recovery.
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