EUR/USD: Euro might find itself under European pressure again

The pair EUR/USD is traded with slight deviation at the Forex currency market on Monday morning, due to new European problems. By 9.15 the Euro is at 1.3773 against closing level of 1.3789 on Friday.

This time, negative news came from Italy where opposition urges Prime Minister Silvio Berlusconi to resign in order to displace him before the key vote on the budget scheduled for November 8.

Meanwhile, Lower House of Parliament of Italy is ready to vote against Berluskoni, Italian securities yield  is growing up, which indicates the fall in confidence at the markets.

Greece will also make one ponder: consensus has been reached there at weekend on the issue of forming a government of national unity. Prime Minister Papandreou said earlier that he would resign as soon as all details would be worked out.

Therefore, external background is very eventful this morning which will be reflected on the market.

Most likely the pair EUR/USD will leave the range of 1.3700-1.3820 oat the trading session on Monday.