EUR/USD: Euro continues to regain steadily

The pair EUR/USD is traded upward at the Forex currency market on Tuesday, continuing to regain from yesterday’s fall.

By 10.22 Moscow time the Euro is at 1.3638 against closing session level of 1.3582 yesterday.

The main positive factor comes from the Asian market where trading took place in the major area; and also in advance of the publication of the data on Germany, which are expected to be positive.

Thus at 14.00 Moscow time the index of German industrial output in December will be made public – according to the market average forecast, the indicator increased by 0.2% on monthly basis against the decline by o.7% in November.

Note that investors’ general optimism is based on the theory of stable recovery of the global economic system which, so far, has been confirmed by macro-statistics.

Most likely the pair EUR/USD will not go beyond the range of 1.3550-1.3700 at the trading session on Tuesday.

 

 

[More]