If there is another leg higher, traders may want to watch what could be a very critical resistance zone between 1.5650 and 1.5670.

FORBES: Euro Clings To $1.30 Like Saran Wrap

Its free zone has already achieved a critical mass of importers and light manufacturers.

ECONOMIST: Finance in the Gulf

On the European Union debt crisis front, an Italian bond auction was well-subscribed Tuesday, but yields were still at or above the critical 7% level that is deemed in the danger zone for credit default.

FORBES: Comex Gold Ends Firmer On Weaker U.S. Dollar, Higher Crude Oil

Her leadership will be critical on economic issues of the sort that we just discussed in the euro zone.

WHITEHOUSE: President Obama and Chancellor Merkel Press Conference

At this critical juncture, is Germany a locomotive that will pull the EU or euro zone out of its financial crisis, or is Germany leading them to bigger trouble ahead?

FORBES: While Europe Slides, Germany Plays Hardball On Financial Transaction Tax

The ensuing political deadlock is leading to fears that Greece will not have a government in place when it needs to make critical debt payments, which could in turn jeopardize its place in the euro zone.

CNN: Fear and confusion rule as Greece faces uncertain future