Forex analytics of LiteForex of 26.10.2010: the statistics will set the tone for today's trading of EUR / USD

On Tuesday morning in the currency market (forex) the EUR / USD pair is increasing slightly although the buying mood today is clearly moderate.

By 9.45 MSK EUR costs 1.3975 against the yesterday’s market close level of 1.3964.

Despite the fact that the growth of EUR earlier was quite serious by the evening the purchases exhausted themselves and today the side trend of the last three days can be seen on the daily diagram of the main pair.

The head of the New York FBI Dudley has said earlier that the Fed should begin a program of additional economic stimulation because the system needs support to avoid a new jump in unemployment rate and reflection of inflation levels.

Today there will be a lot of macro statistics both on the part of the Eurozone countries and the U.S. that is why the market activity will depend on the publishing data.

Most likely the EUR / USD pair will bid on Tuesday without going outside the range of 1.3900-1.4050.

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