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Euro/USD: Euro is still in the offset
The pair EUR/USD is traded slightly downward at the Forex currency market on Friday morning which was caused by the U.S. decision on the budget bill for the second half of the current fiscal year.
By 9.15 Moscow time the Euro is at 1.4473 against closing session level of 1.4487 yesterday.
Morning’s data from China where GDP and CPI rose above the forecast did not make investors happy- market believes that statistics will become an incentive to continue the process of cooling in the Chinese economy.
In general, major pair remains in the offset channel.
Most likely the pair EUR/USD will not go beyond the range of 1.4420-1.4520 at the trading session on Friday.