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The pair EUR/USD is traded slightly upward at the Forex currency market on Thursday morning due to the rebound, following previous sales.

By 8.40 Moscow time the Euro is at 1.3935 against closing session level of 1.3931 yesterday.

Market is strongly concerned about further developments in Japan, Finance Ministers of and Central Bank of “Big Seven” will hold emergency meeting to discuss action sequence. 

In addition, supporters of the colonel Kaddafi in Libya took control of the town Adzhdabiya; supports of the opposition keep saying that they will die in the last ditch. 

These factors together are strong enough to force investors to adhere to safety currencies until the end of this week, which, in its turn, will prevent the Euro’s recovery. 

This afternoon will be eventful: the data on the U.S. consumer prices in February will be known, as well as levels of core inflation and weekly data on unemployment benefit applications. In general the USD can well be supported by statistics.

Most likely the pair EUR/USD will not go beyond the range of 1.3900-1.4020 at the trading session on Thursday.
 

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