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EUR/USD: Euro is willing to keep on growing
The pair EUR/USD is traded slightly downward at the Forex currency market on Thursday morning, still staying at the highs of the week.
By 8.45 MSK the Euro is at 1.2858 against yesterday's closing level of 1.2860.
Positive sentiment in the pair is based on expectations that Greece will resume negotiations with private creditors, which will have favourable out come this time. It is all about writing off 50% of debts or more and Athens shall provide some guarantees that their previous commitments will be accomplished.
In addition, market positive lyre acted to the information that International Monetary Fund does not exclude possibility of increasing its resources to $500 billion.
It is quite possible that if stability of the external background is maintained, moderate growth of the pair will be continued: however, later, profit taking is not excluded.
Most likely the pair EUR/USD willnot go beyond the range of 1.2801-1.2890 at the trading session on Thursday.