EUR/USD: Euro began trading session on Monday with rollback
The pair EUR/USD is traded downward at the Forex currency market on Monday morning which is a part of a rollback after a rapid growth last week.
By 9.55 Moscow time the Euro is at 1.3600 against closing session level of 1.3621 on Friday.
Meanwhile, the Euro is being corrected from the eight-week highs in pairing with the USD, despite expectations of the positive statistics on Eurozone today.
However, the auction of some eurozone’s countries bonds scheduled for this week, still remains a factor of pressure for the Euro; the demand in securities and its profitability will show the changes in investors’ attitude to debt problems of the region.
In general, it is expected that some decrease in activity for the major pair will take place in the market until Wednesday night; the meeting of the U.S. Federal reserve is scheduled for 25-26 January and traders will await comments of the monetary politicians.
Most likely the pair EUR/USD will be in the range of1.3540-1.3650 at the trading session on Monday.
