EUR/USD: Euro goes down under the pressure from external background

The EUR/USD is traded downward at the Forex currency market on Monday morning amid investors’ expectations of the meeting of EU Finance Ministers.

By 10.25 Moscow time the Euro is at 1.3309 against closing session of 1.3385 on Friday.

A meeting of EU countries’ Finance Ministers will start on Monday where the issue of debt crisis in Eurozone is supposed to be discussed and new mechanisms to address this aspect are going be determined.

The prospect of volume increase of European Fund for financial aid and expansion of its functions are among possible measures.

Thus, under pressure exerted by the external background, the Euro is under threat of massive sale again.

Most likely the pair EUR/USD will be in the range of 1.3250-1.3350 on Monday trading session.

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