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Forex pairs in this Article » EUR/USD (Barcelona) - The EUR/USD just continues to crush the hopes of the bearish cabal as the Tuesday trading session kicks into full gear. The relentless march higher may finally be approaching a point where a pause may occur – before even more upside ensues.

EUR/USD traders to monitor European data and Draghi speech Tuesday

Most of the influences on the EUR/USD will come from Europe Tuesday including headlines from the ongoing EcoFin Meeting, Italy’s GDP figures, Britain’s estimate on GDP and a speech later in the session by ECB head, Mario Draghi.

Technical outlook for EURUSD

Technicians say the EUR/USD is now headed to its next short-term target at 1.3753 and will likely pause there before continuing on up to the next resistance at 1.3803 – the 10/25 close. The short-term support for the cross comes in at Monday’s low of 1.3693 and will be followed up by Friday’s low of 1.3619.
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