EUR/USD: Investors are not in a hurry to sell Euro on Friday

The pair EUR/USD is traded slightly downward at the Forex currency market on Friday after two days of growth.

By 10.15 Moscow time the Euro is at 1.3597 against closing session level of 1.3608 yesterday.

Investors are waiting for statistics from France this afternoon: index of business confidence in February) and from Italy: orders of industrial plants in December to determine movement direction on the last trading day of this week.

The data from Germany, which was released this morning, was positive: producer prices increased by 1.2% m/m in January, well above the forecast (+0.6%). In principle, the data can provide short term support to the Euro.

Most likely the pair EUR/USD will not go beyond the range of 1.3500-1.3650 at the trading session on Friday.

 

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