EUR/USD: Euro again speeds up its fall

At the Forex currency market the pair EUR/USD is traded downward on Thursday morning, due to instability of the external background.

By 10.20 MSK the Euro is at 1.2919 against yesterday's closing level of 1.2945.

The Euro continues to react negatively to the news from Greece: Prime Minister of the country Papademos said yesterday that Greece will not beable to pay off debts in March, if trade unions do not start to work in onewith the authorities.  

In addition, market tracks the development in Hungary where sanctions can be applied to the country as it does not follow the EUregulations.

Market today will deal with eventful macro-economic flow.

Most likely the pair EUR/USD will not gobeyond the range of 1.2890-1.2990 at the trading session on Thursday.

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