EUR/USD: Euro remains at the local peaks

Monday, October 17, 2011

The pair EUR/USD is traded slightly downward at the Forex currency market on Monday morning after rapid growth at the end of last week.

By 10.00 MSK the Euro is at 1.3871 against closing level of 1.3881 on Friday.

Investors’ expectations that, Eurozone will overcome debt problems as actively as it started to tackle debt problems this autumn are favourable for the Unified European currency.

However, we should remember that current growth is based largely on hopes, rather than on real facts; therefore correction can come as a surprise.

The U.S. statistics scheduled for the release tonight will claim investors’ attention.

Most likely the pair EUR/USD will not go beyond the range of 1.3810-1.3880 at the trading session on Monday.


 

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