EUR/USD: Euro is pushed up due to interest in risk
The pair EUR/USD is traded upward at the Forex currency market on Tuesday morning, continuing movement in the three-day ascending channel.
By 9.30 MSK the Euro is at 1.4518 against yesterday’s closing level of 1.4510.
Investors seems willing to take risk- first of all, buying interest is being supported by the Friday’s speech of the FR chairman Ben Bernanke, and secondly, the U.S. statistics released yesterday, which demonstrated the growth of Americans’ expenditures above the forecast, alsoencouraged the interest to risk.
The data on Eurozone will be released this afternoon, including index of consumer expectations and index of consumer confidence in the U.S. in August.
Most likely the pair EUR/USD will not go beyond the range of 1.4480-1.4560 at the trading session on Tuesday.
