The pair EUR/USD is traded slightly downward at the Forex currency market on Wednesday morning.
By 10.20 Moscow time the Euro is at 1.3665 against closing session level of 1.3681 yesterday.
Today in the Asian session, players were supported again by the expectation of the decisions made in the FR meeting which will end tonight. Traders do not expect changes in the tone of the regulator.
The Dollar, meanwhile, is still under pressure, caused by the speech of the USA leader Barack Obama, who believes that main items of public expenditure in the United States should be frozen for 5 years. Apparently, macro-economic statistics published in the States is only one side of the coin. Obama’s opinion indicates pessimistic frame of mind of the authorities regarding recovery of the domestic economy.
A lot of news will be released tonight therefore volatility in the major pair can increase.
Most likely the pair EUR/USD will not go beyond the range of 1.3580-1.3710 at the trading session on Wednesday.