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The pair EUR/USD continues to grow at the Forex currency market on Thursday morning taking advantage of the decisions of the EU summit on Greece and recapitalization of European banks. By 9.35 MSK the Euro is at 1.3986 against yesterday’s closing level of 1.3906.

In general, EU summit has streamlined the situation: European banks will be recapitalized, capital reserve requirements will be raised to 9% in 2012 and private capital will write off 50% of Greece’s debt. New aid plan to Greece in the amount of 100 billion will be considered and approved before the end of this year.

All this news was welcomed by market and today, the pair Euro/Dollar is in a favourable position, approaching the level of 1.40. In the afternoon, attention of the market will be focused on the U.S. data including dynamics of GDP in Q3 which is going to be published today. Most likely the pair EUR/USD will not go beyond the range of 1.3890-1.4020 at the trading session on Thursday.

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