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Forex pairs in this Article » EUR/USD (Barcelona) - Having rallied to 1.3232 high on mid European morning, the EURUSD eased again and went back to the psychological mark of 1.3200 for another test. The hourly chart continues to pressure the pair to stay down, while the 1.3180/1.3200 area holds against further losses.

In the meanwhile, investors continue eyeing any news coming from the US and the 2013 budget negotations. Now that the vote on the Republican Plan B was cancelled, Boehner expects Obama and Reid to make a proposal, while the President replied with hopes of a quick bipartisan solution. Chances of a deal in 2013 are becoming slimmer.

"The intraday bearish reversal made on 19 December close to the resistance at 1.3284 suggests a weakening short-term momentum", wrote MIG Bank analyst Bijoy Kar, pointing to hourly supports at 1.3144 (17/12/2012 low) and 1.3041 (13/12/2012 low).
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