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EUR/USD: Activity in Euro is fading away
The pair EUR/USD is traded sluggishly at the Forex currency market on Friday morning.
By 9.00 Moscow time the Euro is at 1.3128 against yesterday's closing level of1.3138.
The pair had been actively sold out all day yesterday and only last night the pair gained surplus again, due to the surge of optimism caused by Greece and American statistics.
It became known this morning that Germany rejected idea of splitting the second package of financial aid to Athens into two parts; however ECB proposed a scheme of protection after restructuring ofGreek bonds. This has somehow reassured the market.
Today Investors will react to all news associated with Greece.
Most likely, the pair EUR/USD will not gobeyond in the range of 1.3050-1.3170 at the trading session on Friday.