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

By 9.15 Moscow time the Euro is at 1.3042 against yesterday's closing level of 1.3046. 

Rally in the pair took place only in the morning, starting from noon the growing momentum begun to fade, since the news release did not demonstrate any positive data. At the same time, players ignored positive statistics on sales in the U.S. housing secondary market. 

It became known today that rating agency S&P downgraded the rating of Hungary by one notch, to BB+ and gave awarning of another downgrade in the coming year. Earlier Hungary asked for financial aid from EU and IMF "just in case", reasoning this request by negative environment.

Starting from tonight, activity in the currency market will begin to drop; celebration of Catholic Christmas will take place next weekend and a week later there will be New Year holiday. The fact that it is the end of the year will not help to create conditions for activityin the trades.

Most likely the pair EUR/USD will not gobeyond the range of 1.3000-1.3090 at the trading session on Thursday.

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