EUR/USD: European news obstructed further growth of Euro

The pair EUR/USD is traded slightly downward at the Forex currency market on Wednesday morning.

By 9.35 the Euro is at 1.3830 against yesterday’s closing level of 1.3837. 

After information released yesterday that Prime-Minister of Italy Silvio Berluskoni is going to resign as soon as a plan of actions for budget saving will be developed, market begun to grow, however this positive impact did not last long.

Political uncertainty still persists in Greece; news from China is not very cheerful- inflation has demonstrated the biggest deceleration the in October since 2009.

The day is not going to be very eventful in terms of macro-statistics; therefore attention of the market will be again focused on the external background.

Most likely, the pair EUR/USD will not leave the range of 1.3750-1.3870 at the trading session on Wednesday.