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EUR/USD: Euro continues to grow steadily
The pair EUR/USD is traded upward at the Forex currency market on Monday morning.
By 10.30 MSK the Euro is at 1.3927 against closing level of 1.3895 on Friday.
Despite uncertainty in the outcome of the EU Summit last weekend, market is hopeful that on Wednesday Germany and France will unveil their plan to rescue Eurozone from debt problems which will be implemented and will give results before the end of the year. Actually EU Summit was ineffectual, as no statement was made about real actions.
Therefore, major European information is pending until the middle of the week; meanwhile volatility will dictate movement direction in the market.
Most likely the pair EUR/USD will be in the range of 1.3870-1.3940 on trading session.
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