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EUR/USD: Euro is under pressure from European news
The pair EUR/USD is declining at the Forex currency market on Friday morning; while the USD received support from statistics yesterday.
By 9.32 MSK the Euro is at 1.4185 against yesterday’s closing level of 1.4240.
The Euro is under pressure triggered by information, that France, Italy and Belgium introduced a 15 days ban for short selling in order to curb volatility. It is believed that it was done by the financial institutions of the countries, which are most vulnerable to crisis. The ban comes into force this morning and will last over 2 weeks.
In general, the situation at the trading floors remains tense, although measures taken by the global regulators should help stabilize situation.
Most likely the pair EUR/USD will not go beyond the range of 1.4100-1.4260 at the trading session on Friday.