Euro/USD: Euro is again under pressure from external background
The pair EUR/USD is traded downward at the Forex currency market on Wednesday morning, remaining inside the channel for the last three days.
By 9.00 Moscow time the Euro is at 1.4049 against yesterday’s closing level of 1.4099.
In Japan a 5.1 –magnitude earthquake struck in the area of Fukushima this morning, which caused concern among investors and increased the outflow of funds from risky positions.
In addition, Middle East once again gave rise to fears about spreading of “fire of freedom”: riots broke out in Yemen last night: last weekend President of the country refused to sign an agreement on transfer of power, which provoked a rising tide of discontent.
Therefore, external background is moderately negative this morning.
Most likely the pair EUR/USD will not go beyond the range of 1.3990-1.4120 at the trading session on Wednesday.
