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Euro/USD: Euro found itself under pressure again
The pair EUR/USD is traded downward at the Forex currency market on Monday morning amid resumption of investors’ concern about aggravation of the debt problem in Greece.
By 9.30 Moscow time the Euro is at 1.4269 against closing level of 1.4317 on Friday.
Last Friday, Prime Minister of Greece Mr. Papandreou said that authorities of the country would continue fiscal consolidation even if opposition is against it.
Market’s concern is reflected on Portugal and Ireland.
The U.S. markets are closed today due to the celebration of the Memorial Day. Trading floors will be guided by external background.
Most likely the pair EUR/USD will not go beyond the range of1.4200-1.4350 at the trading session on Monday.