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The pair EUR/USD is traded upward at the Forex currency market on Monday morning, and continues to strengthen amid weak Dollar, credibility of which has reduced due to the publication of the poor data on the labor market on Friday.

By 9.00 Moscow time the Euro is at 1.4635 against closing level of 1.4633 on Friday.

The data on the U.S. labor market was released last Friday which showed that unemployment rate increased to 9.1% in May against the forecast of reduction to 8.9%, the rate of employment, excluding agricultural sector was also low.

Meanwhile, Greek problems continue to be addressed. As the mass media said at the beginning of the week, a new aid package to Athens could be larger than expected, it is also assumed that extension on debt repayment will be provided for private creditors in the amount of 30 billion euro.

Monday is going to be quiet in terms of macro-statistics and external background will be the main guideline.

Most likely the pair EUR/USD will not go beyond the range of 1.4570-1.4690 at the trading session on Monday.

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