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Euro/USD: Euro is being corrected due to the Middle East news
At the Forex currency market the pair EUR/USD goes down on Tuesday for the first time in four sessions amid another aggravation of the situation in the Middle East.
By 9.20 Moscow time the Euro is at 1.4529 against closing level of 1.4580 yesterday.
Unrest has swept Syria – there are new sources of anti-government demonstrations, riots spread to large Syrian cities: Derya and Damascus.
Investors’ concern about the further escalation of the conflict in the Middle East has forced players to shift to safer currencies.
Two- day meeting of the U.S. Federal Reserve will start today and most probably investors will prefer wait and see strategy.
Most likely the pair EUR/USD will not go beyond the range of 1.4490-1.4580 at the trading session on Tuesday.
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