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Euro/USD: Euro is under pressure from external background again
The pair EUR/USD goes down at the Forex currency on Thursday morning – players await important publications on the U.S. employment sector tonight, which provides support the USD.
By 9.35 Moscow time the Euro is at 1.3873 against closing session level of 1.3908 on Wednesday.
There are two factors which are against the Euro today: on one hand, index of the U.S. labor market is scheduled for the release on Thursday night (16:30 Moscow time – number of requests for unemployment benefits last week, forecast +8 thousand), which will confirm the fact of sustainable recovery of the American economy and will support the USD.
On the other hand, aggravation of the conflict in Libya where firing still continues in large cities, arose investors’ interest in safe assets which also maintains the USD.
Therefore, market will take advantage of informational background today.
Most likely the pair EUR/USD will not go beyond the range of 1.3800-1.3950 at the trading session on Thursday.
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