EUR/USD: Euro retrieves its positions

The pair EUR/USD is traded upward at the Forex currency market on Tuesday, although yesterday it failed to hold out at high levels and fell at the end of the day.

By 9.17 Moscow time the Euro is at 1.4230 against yesterday’s closing level of 1.4178.

At the beginning of the week, financial floors regained from the fact that rating agency S&P downgraded the U.S. rating from high level of AAA to AA+ with a “negative” forecast. This was the reason for significant rise in volatility and acted as a driver for substantial sales all over the fiscal market.

However on Monday night, rating agency Moody’s stated that they confirm the U.S. rating at the level of AAA and stressed in the comments that they rely on the measures undertaken by the Americans authorities.

Eurozone will not indulge investors with macro-statistics; however the U.S. macro-economic environment will be eventful: a block of statistics will be released tonight, the meeting of the U.S. Federal Reserve will be held and at 22.15 Moscow time, a decision on the rate will be also announced.

Most likely the pair EUR/USD will not go beyond the range of 1.4150-1.4290 at the trading session on Tuesday.