Forex Analytics from LiteForex of 10.11.10: Euro is restoring its positions after yesterday’s downfall
The pair EUR/USD is going up slightly at the Forex currency market on Wednesday morning after the downfall yesterday.
By 10.15 Moscow time the Euro is at 1.3789 against closing session level of 1.3773 yesterday.
Players’ concern yesterday was caused by the news about introduction of restrictions on the foreign investments by a number of countries – earlier China declared about it, then Taiwan. Thus, fixation of profit by the players has received another catalyst, as a result major currency pairs were sold out as well as the world capital markets.
The day is going to be full of new statistics which will be released in the afternoon; data on the US unemployment benefit requests will become known as well as levels of imports and exports prices.
Most likely the pair EUR/USD will be in the range of 1.3720-1.3980 on Wednesday trading session.
