USD: Euro continues to remain in the range

The pair EUR/USD continues to be traded slightly upward at the Forex currency market on Monday morning, it can be seen that in general the pair got stuck in the range amid thin market in advance of the New Year.
 
By 9.50 Moscow time the Euro is at 1.3156 against closing session level of 1.3121 on Friday.
 
The negative factor for the Euro today became the news about the increase of the base interest rates in China; this measure was taken to hold inflation in the maximum permissible rates.
 
However, market’s muted reaction to this measure comes under notice; it appears that these risks have already been incorporated in the current prices.
 
The trading session today is going to be tranquil in terms of macro-statistics, and most of the trading floors will be closed today.
 
Most likely the pair EUR/USD will be in the range of 1.3100-1.3250 at the trading session on Monday.