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The pair EUR/USD continues todecline at the Forex currency market on Monday morning under pressure fromexternal background.

By 9.00 Moscow time the Euro isat 1.4228 against yesterday’s closing level of 1.4308.

External background stillexerts pressure – on 22 June a meeting of the U.S. Federal Reserve willbe held where the issue of the interest rate will be resolved, economicoutlooks will be estimated and directives will be given for the furthermonetary policy. the Dollar is gaining strength because of proximity of themeeting.

Greek issue also continues toput pressure on the Euro- decision on the new aid package was postponed untilthe beginning of July.

The day is going to be relativelyquiet in terms of macro-statistics; external background will dictate movementdirection to the market.

Most likely the pair EUR/USDwill not go beyond the range of 1.4170-1.4290 at the trading session on Monday.
 

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