EUR/USD: Euro was granted time for reflection

The pair EUR/USD is traded slightly downward at Forex currency market on Friday morning.

By 8.30 Moscow time the Euro is at 1.3268 against closing yesterday's level of 1.3284.

Meeting of the Central European Bank on Thursday did not bring sudden decision: interest rate was left unchanged at thelevel of 1.0% per annum; ECB also approved pledge of preferred debts in somecountries. Austria, Spain, Italy, France, Cyprus, Ireland and Portugal were included in the list of such countries. 

These countries will be granted special risk control measures and debt security from ECB. 

Good news were received from Greece: political parties in the country have agreed on new economic measures, however EU Finance Ministers have postponed discussions of the second aid package till15 February to make sure that Greek promises are faithful.

Therefore, market has a lot of information to analyze at the beginning of the trading session on Friday.

Most likely, the pair EUR/USD will not gobeyond in the range of 1.3200-1.3290 at the trading session on Friday.

[More]

Tags: