2012-01-27 09:49:00

The pair EUR/USD remains close to five-week highs at the Forec currency market on Friday.

By 9.15 MSK the Euro is at 1.3108 against yesterday's closing level of 1.3102.

To all appearance, optimism, which had increased after the meeting of the U.S. Federal Reserve this week, started to subside. New movement drivers have not turned up in the market. According topress reports, Greek lending banks see some progress in negotiations betweenthe country and private capital; however favourable outcome has not yet beenannounce in the market, which intensifies tension about the issue of receivinga second financial aid package by Athens from ECB, IMF and EU. Greece will notbe able to pay off its debts in March without this cash infusion, which willinevitably lead to a default in the country.

Friday is going to be eventful in terms of macro-statistics, which will give the market momentum to determine new movement directions for trades.

Most likely, the pair EUR/USD will not gobeyond the range of 1.3050-1.3130 at the trading session on Friday.