The pair EUR/USD is traded sluggishly, with lack of initiative at the Forex currency market on Monday morning amid controversy in Eurozone.
By 9.50 Moscow time the Euro is at 1.3195 against closing session level of 1.3226 on Friday.
Thus, the situation in Eurozone is quite tricky: there is controversy among EU management in respect of ways and methods of resolving debt problems in the region. The next summit of the European Union leaders will be held this week and this issue is going to be discussed there. Meanwhile, a number of countries agree that bonds issue is the proper way of financing the rescue program of peripheral countries (Italy, Belgium); others, such as France and Germany are firmly against.
The day is going to be uneventful in terms of macro-statistics; therefore external background will set the pitch for the major sentiments at the market.
Most likely the pair EUR/USD will be in the range of 1.3160-1.3290on Monday trading session.