EUR/USD: External background still affects dynamics of the pair

The pair EUR/USD is traded slightly downward at the Forex currency market on Monday morning, amid generally peaceful background.

By 9.00 MSK the Euro is at 1.4366 against yesterday’s closing level of 1.4396.

Market is still affected by Friday sales triggered by another surge of investors’ distrust to the economy of Europe and the USA.

The day is going to be uneventful in terms of macro-statistics; therefore investors will be guided by external background.

Most likely the pair EUR/USD will not go beyond the range of 1.4300-1.4450 at the trading session on Monday.

[More]

Tags: