EUR/USD: Euro started to recover amid external positive factor
The pair EUR/USD is traded upward at the Forex currency market after three days of significant decline and yesterday’s stabilization.
By 10.10 Moscow time the Euro is at 1.3554 against closing session level of 1.3487 yesterday.
Apparently interest to risk is coming back at the market, which is supported by positive factors in the Asian trading floors that are growing in the mid-week amid improving forecasts of economic recovery in Japan.
The day is going to be interesting in terms of economic publications: at 17.15 Moscow time the data on the rates of changes in the U.S. industrial production in January will become known (forecast +0.5% m/m). Most probably the market will regain yesterday’s ambiguous data on the U.S. economy today.
External background will remain the main driver for the market.
Most likely the pair EUR/USD will not go beyond the range of 1.3450-1.3620 at the trading session on Wednesday.
