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EURO/USD: Euro tries to regain from sales on Friday
The pair EUR/USD is traded slightly upward at the Forex currency market on Monday morning after the fall last Friday.
By 6.30 Moscow time the Euro is at 1.4346 against closing level of 1.4345on Friday.
The reason for massive sales earlier was comments of S&P according to which France must continue to implement reforms if the country does not want to lose its AAA rating. Amid such news and taking into account that it was the end of the week, investors found it reasonable to move away from risk and started to close positions.
The day is going to be quiet in terms of macro-statistics; no important news is scheduled for the release today therefore market will be guided by external drivers.
Most likely the pair EUR/USD will not go beyond the range of 1.4290-1.4400 at the trading session on Monday.