EUR/USD: Euro continues to decline, however volume of sales reduces

The pair EUR/USD has subsided for the fourth consecutive session at the Forex currency market under the pressure of external background.
By 9.50 Moscow time the Euro is at 1.3313 against the closing session level of 1.3335 yesterday.

It is a day off in the USA due to the Thanksgiving Day celebration therefore activity at the trading floors is expected to be low. There is not a lot of news on Thursday and external background will continue to be the major catalyst today. It is worth noting that the USA Dollar continues to fall against the Australian Dollar, which indicates some interest in risk despite the obscure external background. There is still some concern about the intentions of China which reported earlier about measures to cool economy of the country. The Euro, meanwhile, looks oversold. Most likely the pair EUR/USD will not go beyond the range of 1.3290-1.3450at the trading session today.