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Euro/USD: Euro remains under pressure and can continue to decline
At the Forex currency market The pair EUR/USD grew on Friday after yesterday’s collapse to local lows; however now the pair is close to opening level due to the negative external background and in advance of the meeting of the representatives of Finance Ministers of the Eurozone’s countries which negatively affects buyers’ sentiments.
By 10.30 Moscow time the Euro is at 1.3801 against closing session level of 1.3797 yesterday.
Market today will await information on inflation in Germany in February and comments of the ECB’s representatives, expecting to get intimations on the interest rate raise in April.
In general, external background is negative for the Euro and decline can be expected.
Most likely the pair EUR/USD will not go beyond the range of 1.3750-1.3870 at the trading session on Friday.