2011-11-22 09:04:00

The pair EUR/USD is traded downward at the Forex currency market on Tuesday morning because interest to risk is low again.

By 9.40 the Euro is at 1.3487 against yesterday’s closing level of 1.3501.

Investors expect that the data on the level of the consumer confidence in Eurozone will be unfavourable, as well as the outcome of the next auction, Italy is going to offer its bonds this time.

Yesterday, rating agency Moody's и S&P confirmed that they are not going to review credit rating of the USA although work of the Bicameral Commission in the Congress admitted to be a failure.

Traders’ attention tonight will be focused on the U.S. where final GDP data in Q3 is being prepared for the release.

Most likely, the pair EUR/USD will not go beyond the range of 1.3420-1.3520 at the trading session on Tuesday.