Euro/USD: the external background is neutral for the pair
The pair EUR/USD is traded slightly upward on Thursday morning: for the whole week the main pair is trying to decide on the direction of movement amid neutral external background. Still moderate optimism is prevailing.
By 9.00 Moscow time the Euro is at 1.4137 against Wednesday closing session level of 1.4126.
Today will be informative in terms of macro-statistics: data from Germany and Eurozone will be released midday, Jobless claims and ISM-New York index will come out as from 16.30 Moscow time. Later Factory orders will be released.
In whole the sentiment is neutral – many traders are awaiting tomorrow’s publication of U.S. labour market statistics.
Most likely the pair EUR/USD will not go beyond the range of 1.4080-1.4140 at the trading session on Thursday.
