EUR/USD: Potential help to the Irish banks supported Euro

The pair EUR/USD continues ascending trend which started last night, as investors place great hopes on the meeting between Ireland, European Union, ICF and European Central bank scheduled for today.
 

By 10.25 Moscow time the Euro is at the 1.3602 against closing session level of 1.3529 yesterday. Talks of the representatives of Ireland, EU, ICF and ECB will start on Thursday. The meeting shall to assess the needs of the Irish banking system and propose a plan of its stimulation. Market participants hope that help to the country will be provided, however the fear that the problem can spread to the other countries of Eurozone, is still very high at the market.
 

The prospect of helping out Ireland has already encouraged interest to riskat the market and if help will provided in full volume, the Euro can receive a short run support. A lot of statistics is going to be released today: the U.S. data on the number of unemployment benefit requests  will be known this afternoon, which is expected to be weak. Most likely the pair EUR/USD will not go beyond the range of 1.3570-1.3800 on Thursday trading session.