Germany is the world's fifth largest economy, according to the CIA World Factbook, and Europe's largest. Because of this, I think it's healthy to keep an eye on Germany. A slow down here, fundamentally, can indicated a slowdown in Europe overall, weakening the EUR/USD pair.
Pair this fundamental information with the technical breakdown of the pair, a lower range and a minor consolidation forming, and the fact that the DXY is gaining strength as well as the US economy, and I think you have good evidence of a weaker pair in the future. I am personally going to look to short and watching it as it approaches the 1.14 level. That's where I think it is headed. I'll probably allocate 5% of my portfolio to this move down, for the mid to long term.