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The pair EUR/USD is traded in the red on Friday after outcome ofthe ECB meeting and EU summit has been analyzed.

By 9.05 Moscow time the Euro is at 1.3331against yesterday's closing level of 1.3338.

So, yesterday the European Central Bank haslowered interest rate by 25 basis points, to 1% per annum, as expected.However, the main flow of negative factors fell upon the Euro afterpress-conference of the head of the regulator Mario Draghi. Monetary politiciannoted that previously the market has misinterpreted the indications of possibleaggressive buying of bonds by ECB. Draghi stressed that the Bank not going to financethe European economy by uncontrolledly buying bonds. Besides, the ECB is notready to discuss and set the maximum permissible level of bonds yields.

Position of Draghi was a complete surprisefor the market, because it was assumed that ECB will act in full accordancewith European countries.

Now investors' attention is focused onthe EU summit which will finish today, although there are still a lot ofunsettled issues.

Most likely the pair EUR/USD will not gobeyond the range of 1.3280-1.3380 at the trading session on Friday.

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