EUR/USD: Euro has stabilized after collapse

The pair EUR/USD is almost not moving at the Forex currency market on Tuesday morning, after yesterday’s collapse to the lows of February. By 9.10 MSK the Euro is at 1.3675 against yesterday’s closing level of 1.3678.

The pair went down to 1.3502 during the trading session, which was the level of this February, in response to the external events: on Monday it was reported that there was an accident in the atomic power station in France. In addition, information on Tuesday showed that IMF in Portugal is going to issue tranche in the amount of 4 billion euro after conducting an audit of the program to cut government spending.

The Euro is still under pressure; investors await progress in the issue with Greece where economy remains weak.Most likely the pair EUR/USD will not go beyond the range of 1.3550-1.3700 at the trading session on Tuesday.