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EUR/USD: Favourable situation with Euro should not beove restimated

At the Forex currency market the pair EUR/USD is traded upward, basing on strongEuropean statistics.
The ground for yesterday’s upwardtrades was provided by German statistics, which demonstrated stability in theemployment sector in the country, despite strong influence of the debt problemsin Eurozone. Unemployment rate reduced to 6.8% in December against the previouslevel of 6.9% and a number of unemployed decreased by 22 thousand for a month.
The U.S. also showed good statistics afterNew Year holidays: ISM index rose to 53.9 points in December against 52.7points in November.
However, Greek issue is still a risk factorfor Europe. Decision on the second package of financial aid is beinganticipated in Greece. State of affairs in Spain and Italy shall also keep onthe alert.
Most likely the pair EUR/USD will not gobeyond the range of .2990-1.3090 at the trading session on Wednesday.
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