The pair EUR/USD continues to decline in the Forex market on Friday morning. The day before the Euro dropped below the level of the 200-day moving average, and the sales go on today.

 

By 9:50 Moscow time the Euro costs 1.2996 against the closing session level of 1.3003 yesterday.

 

After some quite stable information on the USA’s labour market state had been published the day before, investors considered again the American economy to be rapidly restoring, the European economy turned out to be overloaded with loan notes.

 

They continue to fear in the market that the peripheral countries of the eurozone will finally get stuck due to their own debts.

Today investors will be absorbed in the information on the employment outside the agricultural sector of the USA, which will be released this evening: they have every reason to hope for the positive statistics. If the expectations are true, the Euro may drop below 1,2950.

The pair EUR/USD is likely to hold a tender in the range of 1.3030-1.2940 today.