The pair EUR/USD is traded slightly upward at the Forex currency market on Wednesday morning because investors believe, that drawdown yesterday was needless. Meanwhile the Euro is still at the lows of three weeks.
By 9.40 Moscow time the Euro is at 1.3144 against closing session level of 1.3101 yesterday.
Today will be the most important day of the shortened week. Data on Italian and German economies and the UK GDP statistics for QIII will be released in the morning; in the afternoon investors expect publications of data on the revised GDP value in the U.S. in QIII.
Worth noting that in advance of important statistics publication, activity in the market can decline.
Most likely the pair EUR/USD will not go beyond the range of 1.3070-1.3280 at the trading session on Wednesday.