The pair EUR/USD traded upward at the Forex currency market on Wednesday morning.
By 7.45 Moscow time the Euro is at 1.2505 against yesterday’s closing level of 1.2451.
Investors count on strong statistics on a number of claims for unemployment benefits in the USA. This data will be known tomorrow; the EU banking plan will become be published as well, market will know details of this plan in the middle of the week.
In the meanwhile, the ECB is under pressure from European governments, the bank can use a large range of tools against to combat crisis, however the bank refrains from doing this.
Most likely the pair EUR/USD will not go beyond the range of 1.2420-1.2530 at the trading session on Wednesday.