EUR/USD: Greece issue doesn’t allow Euro to resume growth

The pair EUR/USD is traded slightly upward at the Forex currency market on Tuesday morning after a selloff the day before.

By 9.10 MSK the Euro is at 1.3195 against yesterday’s closing level of 1.3176.

Investors’ fears of debt problems’ escalation still put pressure on Euro – in order to remove the default risk the Athens need to undertake all liabilities so that Europe could continue providing help to the country.

According to Jean-Claude Juncker, Head of the Eurogroup, one should wait till representatives of IMF, ECB and EU present a report on the state of the Greece economy in order to understand the extent to what the Athens cope with liabilities.

As noted by the politician the day before, the decision on 6th money tranche will be put off till October, 13.

Thereby, Greece issue remains open-ended and puts significant pressure on the currency market.

Tonight markets will monitor Ben Bernanke’s speech to find out his opinion on the state of the USA economy.

Most likely the pair EUR/USD will not go beyond the range of 1.3150-1.3250 at the trading session on Tuesday.