EUR/USD: Euro has found a good cause to rollback

The pair EUR/USD is traded downward at the Forex currency market on Thursday morning, since it was made public yesterday that ranking of Greece has been downgraded once again.

By 9.10 Moscow time the Euro is at 1.4353 against yesterday’s closing level of 1.4368.Although the issue of the U.S. public debt is still left open, correction in the major pair has been outlined with the help of the external news. It became known yesterday that rating agency S&P downgraded Greece rating to the level of CC from the previous CCC with the “negative” forecast.

The agency explained in the follow-up comments that this decision was based on the concern about exchange of Greek bonds as a part of a new aid plan to Athens.Markets will probably need to regain from this information as well today.Most likely the pair EUR/USD will not go beyond the range of 1.4300-1.4400 at the trading session on Thursday.