EUR/USD: Euro remains strong in the middle of the week

The pair EUR/USD continues to grow at the Forex currency market on Wednesday and is traded above the level of 1.45.By 9.05 Moscow time the Euro is at 1.4519 against yesterday’s closing level of 1.4509.The reason for preservation of long positions in the major pair has been the same as previously: that is the lack of decision on the U.S. public debt.

Authorities and Congress fail to come to agreement so far, and Republicans are going to revise a plan to reduce budget deficit, although the influence of this party is decreasing. U.S. President Barack Obama threatened to veto the revised plan which proposed budgetary spending cuts of $3 trillion in the next 10 years.

There are not going to be publications of important statistics from Eurozone today; interesting data will come from the U.S.Most likely the pair EUR/USD will not go beyond the range of 1.4450-1.4550 at the trading session on Wednesday.