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Forex pairs in this Article » EUR/USD (Barcelona) - The EUR/USD proves the theory that nothing goes straight up without pause – even if that pause lasts for just a little while and is nowhere near as deep as the smarting bears would like.

EUR/USD traders to monitor German data and US budget talks Wednesday

The data influences on the EUR/USD are as follows: German inflation data, US Mortgage Application data, the US Monthly Budget figures and news flow surrounding the US Congress working on the Federal Budget for 2014.

Technical outlook for EURUSD

Technicians say the EUR/USD hit its next short-term target at 1.3791 and has shown signs of a pause there before it should continue 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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