EUR/USD: Euro is waiting for new signals to grow

The pair EUR/USD is traded slightly downward at the Forex currency market on Tuesday morning after the rapid growth earlier.

By 9.30 MSK the Euro is at 1.3640 against yesterday’s closing level of 1.3641.

Yesterday’s positive situation for the Euro was completely based on the expectations of traders that before the end of the month Germany and France will unveil crisis bailout plan for Europe. There is a lull in the market this morning; however it is possible that some growth will continue today.

Meanwhile, the date assigned by IMF for considering report on Greece, 13 October is approaching, which is a confusing factor for the market: on the one hand traders are in anticipation of the sixth tranche, on the other hand the risk of additional conditions is too high.

European statistics will be of interest today, tonight U.S. Federal Reserve will make public the minutes of the last meeting.

Most likely the pair EUR/USD will not go beyond the range of 1.3620-1.3680 at the trading session on Tuesday.