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Euro/USD: Investors began to buy back Euro
The pair EUR/USD is traded upward at the Forex currency on Thursday morning amid expectations of the data on the GDP in Eurozone in QI scheduled for the release today, and due to significant oversold of the major pair.
By 9.30 Moscow time the Euro is at 1.4223 against closing level of 1.4190 yesterday.
The data on GDP in Eurozone for QI will become known today, and investors expect the rise by 2.2% y/y against the level of 2.0% y/y in QIV, 2010.
If the presented data will be strong, the Euro will receive good support.
Most likely the pair EUR/USD will not go beyond the range of 1.4150-1.4310 at the trading session on Thursday.