EUR/USD: Euro is going up at the end of the week amid tranquil external background

The pair EUR/USD is traded upward at the Forex currency market on Friday morning, due to the news that Irish aid plan in the amount of 22.5 billion euro was approved by ICF and also due to support provided by information about outcomes of the EU summit.
By 11.45 Moscow time the Euro is at 1.3299 against trading session yesterday at around 1.3230.
 
Market assessed impartially the data released yesterday about the U.S unemployment benefit requests; today external background is tranquil as a whole; publication of the data, which would have been capable to bear influence on the trading session, is not expected.
 
As a result of the last summit of the EU, leaders of the participating countries made a declaration of readiness to take measures to ensure stability in the region; they also stressed the importance of efforts to reduce budgets of the countries.
 
Most likely the pair EUR/USD will be in the range of 1.3200-1.3400 at the trading session on Thursday.

 

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