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EUR/USD: EUR has a chance to rebound
The pair EUR/USD slightly goes up at the Forex currency market on Friday morning ceasing the descending trend of the past three days.
By 9.30 MSK the Euro is at 1.4265 against yesterday’s closing level of 1.4258.
It seems that two factors will be advantageous to the Euro today: first of all markets expect employment statistics tonight which is projected to be not too strong; secondly the Euro needs to be corrected after a three- day decline.
There are no external catalysts for changes in the medium term movement of the major pair yet; therefore the market will be guided by statistics.
Most likely the pair EUR/USD will not go beyond the range of.4230-1.4350 at the trading session on Friday.