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EUR/USD: Euro failed to reach level of 1.40
The pair EUR/USD is traded slightly upward at the Forex currency market on Tuesday morning after yesterday’s fall.
By 9.40 Moscow time the Euro is at 1.3977 against closing session level of 1.3967 yesterday.
The Euro failed to reach the level of 1.40 once again, although the major pair confidently has been going above the significant level during the day; it failed to consolidate there.
No important macro-statistics is scheduled to release today; therefore the main movement driver will be players’ expectation of the interest rate increase by ECB in April, as has it had been mentioned earlier by the head of the regulator, Trichet.
Most likely the pair EUR/USD will not go beyond the range of 1.3920-1.4030 at the trading session today.