EUR/USD: Major pair is in pendency

The pair EUR/USD is near the previous levels at the Forex currency market on Monday.By 9.15 Moscow time the Euro is at 1.4357 against closing level of 1.4357 on Friday.

Players have taken a wait and see attitude this morning -  the U.S. cannot boast that the decision on  the size of the budget cuts and the increase in the limits of public debt have been resolved. Time period for decision-making has expired last Friday. Moreover, the 2nd of August, the day when the U.S. shall make decision on the revised allowable size of public debt is approaching.

Earlier, American politicians suggested that thorny issues shall be resolved at the weekend; however market has not received new information yet.The day is going to be quiet in terms of macro-statistics; therefore the market will continue to be guided by external background.Most likely the pair EUR/USD will not go beyond the range of 1.4300-1.4420 at the trading session on Monday.