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EUR/USD: Euro continues to tend upward

The EUR/USD is traded slightly upward at the Forex currency market on Tuesday morning in advance of the U.S. Federal Reserve meeting.
By 10.20 Moscow time the Euro is at 1.3649 against closing session level of 1.3638 yesterday.

So, a two-day meeting of the U.S. Federal Reserve will start today which will make decision on the interest rate and highlight the prospects of the American economy.

However, market believes that in the current situation it is doubtful that FR will even make hints at the future tightening of monetary policy.

In general, until the results of the meeting will become known on Wednesday night, drastic changes in the rate of EUR/USD are not expected.

Most likely the pair EUR/USD will not go beyond the range of 1.3590-1.3680 at the trading session on Monday.

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