EUR/USD: Euro is in anticipation of news

The pair EUR/USD is growing moderately at the Forex currency market on Wednesday morning.

By 9.30 MSK the Euro is at 1.3914 against yesterday’s closing level of 1.3907.

Movement in the market is unlikely to be swift today; Investors expect publication of the anti-crisis plan for Eurozone from Germany and France this afternoon. In general, there is some still disagreement on the number of issues and it is doubtful that final version of a plan will be presented. The cause for arguments is the size of Greek debt to private investors that is to be cancelled –exact amount of which is still unknown.

A day later, another European summit will be held; however its effect will be imperceptible for the markets.

In general, basic expectations for the plan to rescue Eurozone have already been incorporated in the current prices.

Most likely the pair EUR/USD will not go beyond the range of 1.3870-1.3950 at the trading session on Wednesday.