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Forex pairs in this Article » EUR/USD (Barcelona) - The EURUSD continues to fail at 1.2820 resistance as it tries to extend the upside. At the moment of writing, the pair is falling to test support at the 1.2800 psychological level, having reached 1.2795.

The New York session will have US building permits and housing starts as part of the economic calendar, but Fed's Bernanke speech at 17:15 GMT might attract most attention as he could address the "fiscal cliff" issue.

Commerzbank analysts are open to a revisit of 1.2825 (11th of October low) and 1.2853 (resistance line) before coming off again: While the latter caps, the 1.2661 current November low will remain in view", wrote analyst Axel Rudolph.
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