EUR/USD: Euro is being corrected after downfall

The pair EUR/USD is traded upward at the Forex currency market on Thursday morning as part of correction.

By 9.30 the Euro is at 1.3370 against yesterday’s closing level of 1.3336.

American trading floors are closed today due to celebration of the Thanksgiving Day and trading activity is going to be moderate today. A big strike is scheduled for today in Portugal: protesters are against introduction of austerity measures. Next week Portuguese Parliament will review and approve a scheme of measures to reduce budget deficit by lowering levels of national debt and cutting budget expenditures.

The data on business confidence in Germany will be noteworthy this afternoon.

Most likely, the pair EUR/USD will not go beyond the range of 1.3320-1.3410 at the trading session on Thursday.