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EUR/USD: Euro has chances to continue ascend
The pair EUR/USD is traded steadily at the Forex currency marketon Friday morning, maintaining ascending trend of this week.
By 9.00 MSK the Euro is at 1.2961 against yesterday's closing level of 1.2966.
Positive sentiment in the pair is being maintained by anticipation of favourable out come of negotiations between Greece and private capital which resumed in the mid-week. Parties arediscussing now compromise coupon rates on the bonds, this issue was one of many that became a stumbling stone in the previous round of talks.
It is possible that investors will start profit taking for the pair in the afternoon.
Most likely the pair EUR/USD will not go beyond the range of 1.2880-1.3010 at the trading session on Friday.