FXStreet (Mumbai) - The EUR/USD pair fell below 1.06 today, while the German short duration bund yields fell to record lows this week as markets prepare for a high octane ECB event due next Thursday. Focus on ECB The speculations of more ECB easing received a boost this week after Reuters report stated that a number of unconventional policy measures are under consideration apart from the widely expected deposit rate cut and extension/expansion of QE program. Consequently, any attempt at a technical recovery was met with fresh offers around 1.07. Moreover, the occasional weakness in the stocks could not help the common currency either since the direct correlation with the German yields strengthened ahead of the ECB meeting next week. Apart from the ECB meeting, the US ISM manufacturing and non-manufacturing report, Wednesday’s US ADP report and Friday’s payrolls report could also have an impact on the pair. EUR/USD Technical Levels At 1.0580, the immediate support is seen at 1.0565 (Nov 25 low), under which the losses could be extended to 1.0463 (year low). Below the same, the pair may find support of the long-term trendline (Oct 2008 low-June 2010 low) at 1.0380-1.0390. On the other side, a major resistance is seen at 1.0758 (76.4% of Mar-Aug rally) and 1.0785 (23.6% of 1.1495-1.0565). For more information, read our latest forex news.