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The pair EUR/USD continues to decline at the Forex currency market on Thursday morning – the Euro sank for more than two figures yesterday and this is clearly not the limit.

By 9.20 Moscow time the Euro is at 1.4132 against yesterday’s closing level of 1.4179.Major pair is under pressure from Greece again - the decision on the second aid package to the country has not been made yet by EU and IMF, in addition, yesterday’s rally of the opposition was concluded by the demand of resignation of the Prime-Minister of Greece. However, today’s comments demonstrated that his resignation has not been planned.  

Due to the long approval process of the second phase of the aid package for Athens, market became more concerned that the country will not be able to avoid default which puts pressure on the Euro and helps to close positions both in the major pair and in the others.

The day is going to be quiet in terms of macro-statistics today; however it is too early to expect the end of the sales for the pair EUR/USD.

Most likely the pair EUR/USD will not go beyond the range of 1.4050-1.4190 at the trading session on Thursday.

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