EUR/USD: Euro gained support from decisions on Greece

The pair EUR/USD is traded upward at the Forex currency market early Wednesday amid positive Greece decisions.

By 0.10 MSK the Euro is at 1.3641.

A voting in Greece Parliament that took place the day before finished positively: politicians agreed on a set of strict economy measures including a quite arguable household tax. Still the Athens carry out its part of the agreement with EU and IMF though introduce aggressive measures at the very last moment creating extra stresses for the economy.

As said by the S&P the day before, the current crisis is not applicable to all the EU countries – only to some of them. At the same time the agency sees some steps towards overcoming the debt problems in Europe: some swap operations can be used as a positive measure.

At the same time there is no final decision on a new money transfer in Greece and September, 30, is approaching, so it’s too early to set aside the risk of default.

Most likely the pair EUR/USD will not go beyond the range of 1.3550-1.3720 at the trading session on Wednesday.