FXstreet.com (Barcelona) - The US House of Representatives will go to a vote soon, on Republicans’ initiative for the automatic increase of the debt ceiling until 18th May. Investors are pricing in expectations regarding that issue and pushing the EUR/USD higher, currently at 1.3350, still ahead of the NY session.

Besides of the EMU consumer confidence, the economic calendar is light. Mortgage applications rose 11.4% in the week ending at Jan-4, and 15.2% in the week at Jan-11. Data of Jan-18 week points to the third rise in a row, by 7.0%.

The EUR/USD continued trading around the 1.3300 psychological level. "While range floor to 1.3280 that proved to be solid support, stays intact, range-trading will remain in play, while break lower would signal a fresh direction and expose 1.3250 and 1.3200", wrote Windsor Brokers analyst Slobodan Drvenica, pointing to 1.3370 on the upside to improve the near-term structure, but only clear break above 1.3400 to signal resumption of an uptrend from 1.2660, 2012 low. The hourly structure is negative.