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EUR/USD: Euro continues to decline
The pair EUR/USD is traded downward at the Forex currency market on Monday morning.
By 9.00 MSK the Euro is at 1.2896 againstclosing level of 1.2933 on Friday.
Euro's "Bulls" 'soptimism is vanishing now, as negotiations between Greece and private capital have not been successful, while a meeting of EU Finances Ministers is scheduled for Monday where they are going to discuss Greek debt problems .
A flow of positive news is urgently required to continue Euro's active correction, which not available at the moment.
Most likely the pair EUR/USD will not gobeyond the range of 1.2810-1.2940 at the trading session on Monday.