EUR/USD: EURO descends lower and lower

The pair EUR/USD continued its descend on Tuesday morning declining below 1.40, amid external negative factor.By 9.15 Moscow time the Euro is at 1.3958 against yesterday’s closing level of 1.4028.

Sales were caused by the fact that debt crisis begun to spread over the Eurozone countries: yesterday investors paid attention to Italy where government debt has already exceeded 120% of GDP.

According to economists, Italy can be the next country which Eurozone will have to save.Statistics which can significantly change balance of forces in the pair EUR/USD is not going to be released today, however if the data on the U.S. trade balance deficit, which will be known tonight, will be above the forecast, the growth of the Dollar will decrease.

Most likely the pair EUR/USD will not go beyond the range of 1.3900-1.4050 at the trading session on Tuesday. 

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