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The pair EUR/USD is traded slightly upward in the currency Forex market on Friday after yesterday's growth.

By 9.05 MSK the Euro is at 1.2831 against yesterday's closing level of 1.2825.

Yesterday's rally was caused bysuccessful auctions of Spain and Italy, where the first one has placed the volume twice as much as had been planned, 9.98 billion euro, and the latter one managed to maintain the yield of bonds at the reasonable level. 

A meeting of the European Central Bank heldon Thursday was uneventful as expected. Interest rate was left at the level of1%, unchanged, and the head of ECB Mario Draghi confirmed his intention first to see the results from lowering the rate by 50 points in November and December and then make conclusions.

Market is stable this morning; however profit taking is possible in the end of the trading session. In addition, Greece willcome to the debt market today

Most likely the pair EUR/USD will not gobeyond the range of 1.2750-1.2850 at the trading session on Friday.

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