Euro/USD: Euro is being slightly corrected after rapid growth

The pair EUR/USD is traded slightly downward at the Forex currency market on Friday, which is part of profit taking after the rise yesterday.

By 9.30 Moscow time the Euro is at 1.4484 against yesterday’s closing level of 1.4490.

On Thursday, rating agency Moody’s Investors Service announced its intention to put the U.S. rating to review with downgrade prospect if the Congress does not take decision on the rise of limits of the public debts.

Meanwhile consensus between Republicans and Democrats has not been reached.

The release of important statistics is scheduled for this afternoon: the U.S. unemployment rate in April;  which can change balance of power in the major pair.

Most likely the pair EUR/USD will not go beyond the range of 1.4400-1.4520 at the trading session on Friday.

 

 

 

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