EUR/USD: Euro has been inspired by the new European plan

The pair EUR/USD is traded upward at the Forex currency market on Monday morning in anticipation of prompt assistance in resolution of the European problems.

By 9.30 MSK the Euro is at 1.3479 against closing level of 1.3377 on Friday.

Last weekend Europe has been given another hope: German Chancellor Angela Merkel and French President Nicolas Sarkozy conducting another round of talks promised that before the end of October a package of new measures to solve European debt problems will be adopted.

In addition, buyers for the troubled Belgian Bank Dexia have been found which also relieves fears that this financial institution could become the second Lehman Brothers.

Today American trading floors are closed due to celebrations of Columbus Day, therefore markets will be guided exclusively by European information.

Most likely the pair EUR/USD will not go beyond the range of 1.3400-1.3520 at the trading session on Monday.