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The pair EUR/USD is traded downward at the Forex currency market on Tuesday after the release of the negative forecast from S&P.
By 8.50 Moscow time the Euro is at 1.4225 against closing session level of 1.4233 yesterday.

Thus, rating agency S&P announced the revision of the U.S. credit rating to “negative” from “stable” indicating that it will take long years for the country to stabilize its debt burden. American politicians immediately made a denial saying that the agency underestimates authorities’ activity, but it is a fact that the major pair collapsed almost for 2 figures at the beginning of the week. 

Today market will continues to regain from this negative factor. In addition statistics on business activity in industrial and service sector of the Eurozone as a whole and in Germany in particular is scheduled for release.

Most likely the pair EUR/USD will not go beyond the range of 1.4150-1.4290 at the trading session on Tuesday.
 

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