Euro/USD: Euro remains under pressure due to Greece
The pair EUR/USD is traded downward at the Forex currency market on Monday morning because news from Eurozone does not favour optimism in the market.
By 8.50 Moscow time the Euro is at 1.4325 against closing session level of 1.4365 yesterday.
It became known yesterday that rating agency S&P downgraded long term rating of Greece to BB from B, by two grades at once, which became the fourth fact of Greek rate reduction over this year.
Today, investors will wait for the allocation of the treasury bills by Greece at the volume of 1.25 billion euro for 12 months; market is apprehensive about the possibility of restructuring of the debt of the country.
Therefore, market carefully avoids all the issues related to the risk until situation with weak European countries will not clear up.
Most likely the pair EUR/USD will not go beyond the range of 1.4290-1.4390 at the trading session on Tuesday.
