EUR/USD: S&P gave Euro another ground to go down

The pair EUR/USD is traded downward at the Forex currency market on Tuesday morning after the news from S&P.

By 8.55 Moscow time the Euro is at 1.3371 against yesterday’s closing level of 1.3385.

The reason for sales was created by the International rating agency S&P which announced yesterday that rating of 17 countries of Eurozone, including Germany and France is going to be reviewed.

Statement made by Paris and Berlin that at the EU summit the countries will insist on formation of financial union could not hold back negativism.

In addition, Reserve Bank of Australia has lowered interest rate today, which was another negative ground for sales.

Most likely the pair EUR/USD will not go beyond the range of 1.3340-1.3430 at the trading session on Tuesday.