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The pair EUR/USD is traded upward at the Forex currency market on Wednesday morning, continuing the trend of the last two days.

 

By 10.25 Moscow time the Euro is at 1.3655 against closing session level of 1.3625 yesterday.

 

In the mid-week investors await statistics on Germany, which is expected to be favourable; and also the data on the number of claims for unemployment benefits in the USA which will be released tomorrow.

 

The main news of Tuesday – is the rise of the interest rate in China; market has already regained from it; and investors believe that global recovery will not slow down, due to the measures adopted by Celestial Empire, and will remain stable.

 

Meanwhile the speech of the U.S. Federal Reserve chairman, Ben Bernanke before the budget committee of the House of Representatives will be of interest. It is possible that monetary politician will touch upon a subject of the national debts.

 

Most likely the pair EUR/USD will not go beyond the range of 1.3600-1.3720 at the trading session on Wednesday.