EUR/USD: Euro is undergoing through strength test

The pair EUR/USD is traded upward at the Forex currency market on Thursday morning, after dipping at the Asian session, when it tested local lows.

By 9.30 Moscow time the Euro is at 1.4247 against yesterday’s closing level of 1.4177.

New serge of panic sales at the world financial markets yesterday was triggered by the investors’ fears that large French Banks would face lack of liquidity, which could have become the beginning of the next large-scale debt problem, this time in France.

Meanwhile, markets did not receive information, whether the rating of France has been confirmed in the high-ranking investment level.

Traders today will continue to be guided by the external information, given that the data on the number of applications for unemployment benefits in the U.S. for a week will become known tonight.

Most likely the pair EUR/USD will not go beyond the range of 1.4130-1.4280 at the trading session on Thursday.