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The pair EUR/USD is almost standing still at the Forex currency market on Friday morning after yesterday’s collapse.

By 9.10 Moscow time the Euro is at 1.4550 against closing session level of 1.4537 yesterday.

The outcome of the European Central Bank meeting has become the reason for the massive sales of the Euro on Thursday: the rate was left at the previous level of 1.25% per annum, while the head of the ECB, Trechet noted that it is necessary to monitor the economic situation in the region very carefully, thereby bringing down hopes of the market for the interest rate rise in June.

Now, observers believe that the rise in rate should not be expected until the middle of the summer. This information caused the collapse of the major pair for almost three figures in the middle of the session already.

The day is going to be eventful in terms of statistics from Eurozone and its countries as well as from the USA.
Most likely the pair EUR/USD will not go beyond the range of 1.4500-1.4650 at the trading session on Friday.
 
 
 
 
 

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