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EUR/USD: Euro continues to be corrected
The pair EUR/USD continues to grow at the Forex currency market on Wednesday morning.
By 9.45 MSK the Euro is at 1.2767 against yesterday’s closing level of 1.2732.
Investors expect publication of strong US data tonight and also believe that Greece will resume negotiations with private capital about writing off 50%of debts or more. If Athens will not be flexible this time again, Q1 can be finished with a very bad result for the country this year.
Market continues to ignore external negative factors. Information, that the World Bank has lowered the forecast for the world economic growth for this year down to 2.5% from previous 3.6%, largely due to risks of recession in Europe, has also been neglected.
Therefore, rebound of the pair EUR/USD is still preserved.
Most likely the pair EUR/USD will not go beyond the range of 1.2690-1.2790 at the trading session on Wednesday.
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