EUR/USD: Euro is taking timid attempt of correction

The pair EUR/USD is traded slightly upward at the Forex currency market on Thursday morning.

By 9.30 the Euro is at 1.3488 against yesterday’s closing level of 1.3475.

Today investors continue to follow the situation at European auctions: France is prepared to place bonds on Thursday as well as Spain. Paris expects to receive about 7 billion euro from the market; Spain is going to offer traders bonds with maturities until 2020 for the amount of 4 billion euro.

Yesterday rating agency Fitch added oil to the fire noting that risks for the U.S. banks can increase if European debt problems continue to progress at this pace.

Today, investors will be interested in yesterday’s news from the U.S. Nevertheless the most attention will be focused on Europe.

Most likely, the pair EUR/USD will not leave the range of 1.3420-1.3550 at the trading session on Thursday.