EUR/USD: Euro is still under pressure

The pair EUR/USD continues to be at the lows of eight weeks at the Forex currency market on Monday morning as investors are still concerned that Irish debts problems might spread further to the countries of Eurozone.

By 9.30 Moscow time the Euro is at 1.3242 against closing session level of 1.3249 on Friday.

Players ignore favourable statistics for Eurozone, published last week as well as the statements made by the officials – market still believes that sooner or later both Spain and Portugal will appeal for aid – these are the countries where budget deficit is as critically high as in Ireland.  
Some macro-statistics is scheduled to be released today; however it is unlikely to affect trading process. External background will continue to specify trading sentiments today. Most likely the pair EUR/USD will be in the range of 1.3200-1.3400 at the trading session on Monday.