EUR/USD: Monday started with a slight recovery for Euro

The pair EUR/USD is going up moderately at the Forex currency market on Monday morning.By 9.15 the Euro is at 1.3289 against closing level of 1.3232 on Friday.

The main source for optimism at the beginning of the week was preliminary data on the U.S. retail sales on the “Black Friday” when retailers begun sales: on the first day of Christmas sales volume of retailers’ sales in the U.S. increased by 6.8% against last year level. On-line sales rose by almost 25%.

Growing prices for raw products will provide additional support this morning.US- EU summit will launch in Washington today, state of the global financial system is going to be discussed there.

Most likely the pair EUR/USD will not go beyond the range of 1.3210-1.3340 at the trading session of Monday.