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Forex pairs in this Article » EUR/USD (Barcelona) - The EURUSD marches on. Having finally breached the 1.3500 mark after half a day tickling the psychological level, the pair kept on extending gains during Wednesday's European morning. Nothing seems to stop the momentum, as even with all European data out, any corrective movement has been of extreme near term nature. The pair has reached 1.3563 high, so far.

The German 30-year debt auction found an average yield of 2.45% for the ¬1.637B sold out of a ¬2B target. The previous yield for such maturity was of 2.34%.

EMU January consumer confidence improved from -26.3 to -23.9 as expected, industrial confidence rose from -14.2 (revised from -14.4) to -13.9 (consensus of -13.5), business climate rose from -1.11 (revised from -1.12) to -1.09 (consensus of -1.00). The Economic Sentiment Indicator beat expectations by rising from 87.8 to 89.2 (consensus of 88.2).

UBS analysts are very bullish for the EURUSD: "The pair cleared a key resistance at 1.3493, now the
focus is on 1.3833", wrote analyst Gareth Berry, pointing to initial Support at 1.3350.
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