EUR/USD: Euro goes up again due to rumors

The pair EUR/USD goes up steadily at the Forex currency market on Wednesday morning.

By 10.00 MSK the Euro is at 1.3816 against yesterday’s closing level of 1.3752.

Investors’ optimism today is based on rumors about European Fund of Financial Stability and its increase up to 2 trillion euro from the current 440 billion euro. Newspaper Guardian wrote about it, reporting also that France and Germany have already reached an agreement about the way out of the crisis.

Amid such background players ignore the news that Moody’s has downgraded the rating of Spain by one notch.

Therefore another day is ahead of us, which is going to be full of expectations, discussions and rumors.

 Most likely the pair EUR/USD will not leave the range of 1.3750-1.3850 at the trading session on Wednesday.