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EUR/USD: Euro tends to continue moderate growth
At the Forex currency market the pair EUR/USD is traded upward on Tuesday morning, maintaining the trend which started at the beginning of the week.
By 8.50 MSK the Euro is at 1.2777 against yesterday’s closing level of 1.2771.
Investors’ optimism regarding the Euro is supported by external background which can be called neutral, as other facts only speaks about potency of future sales: spread on Greek bonds is increasing, indicating risks from this part; in addition, significant placement of Italian, Spanish and French bonds is expected.
In this regard, current growth should not be considered as a steady tendency.
Most likely the pair EUR/USD will not go beyond the range of 1.2720-1.2810 at the trading session on Tuesday.
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