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EUR/USD: EURO receives support due to expectations of the summit outcome
The pair EUR/USD is growing at the Forex currency market on Thursday morning in anticipation of the positive solutions of the summit of European Group which starts today.By 9.00 Moscow time the Euro is at 1.4265 against yesterday’s closing level of 1.4214.
It became known last night, that at the meeting, which was held in advance of the summit, Germany and France had reached agreement on the general issues of financial aid scheme for Greece as part of the second package.
This news pushes the Euro upward, while in the U.S. uncertainty in the issue of rising national debt limits is still high.The day is going to be eventful in terms of statistics, which will increase volatility in the major pair.Most likely the pair EUR/USD will not go beyond the range of 1.4180-1.4300 at the trading session on Thursday.
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