Euro/USD: Euro remains weak at the end of the week

The pair EUR/USD continues to be traded downward At the Forex currency market on Friday morning, remaining at the lows of March. 

By 9.25 Moscow time the Euro is at 1.4220 against closing level of 1.4245 yesterday.

Investors are still apprehensive to revert to risk due to the instability at the global capital markets. The data on GDP in Eurozone will be made public today and investors expect the rise by 2.2% y/y against the level of 2.0% in QIV, 2010. If the released data will be strong, the Euro will receive a powerful support.

Meanwhile the Euro looks weak; however it still has potential for growth.

Most likely the pair EUR/USD will not go beyond the range of 1.4170-1.4290 at the trading session on Friday.

 

 

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