EUR/USD: Euro continues to consolidate

The pair EUR/USD is traded upward at the Forex currency market on Tuesday morning since investors did not like the idea of extension QE2 program.
By 10.30 Moscow time the Euro is at 1.3318 against closing session level of 1.3306 yesterday.

Investors continue to assess the speech made by the head of the Federal Reserve Ben Bernanke last weekend. Monetary politician did not exclude that the assets redemption program QE2 which has been operating since 3 November can be extended if necessary.

Yesterday macro-economic calendar did not contain U.S. news. Situation is similar today; therefore, market movement will be determined by external background. Most likely the pair EUR/USD will be in the range of 1.3270-1.3390 on Tuesday trading session.