EURO/USD: EURO is once again under pressure

The pair EUR/USD is traded downward at the Forex currency market on Monday morning, amid new surge of concern regarding proliferation of debt problems in Eurozone.

By 9.30 Moscow time the Euro is at 1.4183 against closing level of 1.4262 on Friday.Italy has become the cause of sales this morning – publication Die Welt said at the beginning of the week that perhaps EU countries will have to increase the volume of the fund to finance the troubled countries of the Eurozone, as Italy has all chances to join these countries as well.

According to the European central Bank, which refers to the publication, the fund could be doubled, to 1.5 trillion euro.Macro-economic background is weak today; therefore markets will make use of the external information.Most likely the pair EUR/USD will not go beyond the range of 1.4090-1.4220 at the trading session on Monday.