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EURO/USD: Euro remains under severe pressure
The pair EUR/USD is traded downward at the Forex currency market on Friday morning because investors are still seriously concerned about Greek problems.
By 9.20 Moscow time the Euro is at 1.4130 against yesterday’s closing level of 1.4204.
Although IMF are ready to offer support to Athens if Greece will fulfill all its obligations, investors are still in suspense.
The second plan of help to Greece has not been endorsed and today representatives of Germany and France will have a meeting dedicated to this issue in Berlin. Finance Ministers of EU will gather for the meeting on 19 June.
The day is going to be quiet in terms of macro-statistics; market will be guided by external background.
Most likely the pair EUR/USD will not go beyond the range of 1.4020-1.4250 at the trading session on Friday.