EUR/USD: Euro’ growth in the morning was not more than technical rebound

The pair EUR/USD is traded with slight increase at the Forex currency market on Wednesday morning following significant fall yesterday caused by the pressure from external background and speculative activity at the market. 

By 10.00 Moscow time the Euro is at 1.3390 against the closing session level of 1.3368 yesterday.

The fall for more than two points a day – that has not happened to the Euro for a long time. External background which has already been overshadowed by the speech of the German Chancellor Ms. Merkel and her opinion that the Unified European currency is in the difficult situation and it is weak was amplified by the morning information about the conflict between South and North Koreas. The negative factor for the Euro yesterday was the information about the increase revision of the U.S. DGP in QIII (2.5% against 2% earlier). 

The day will be eventful today: trading floors in the USA are closed due to the Thanksgiving Day celebration; therefore the main   statistics will be released today and volatility on the trading floors is going to be high.

Most likely the pair EUR/USD will not go beyond the range of 1.33320-1.3550 at the trading session on Wednesday

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