euro dollar forex forecast pair EUR / USD today 03/19/2018
EURUSD forex players for today is worth waiting for a moderate depreciation of the euro. Industrial Production report for February in the United States gave the signal to market participants that the Federal Reserve at its meeting will raise rates to 0.25%. Industrial output grew by 4.4% in the last month of winter, which indicates the acceleration of economic growth. Now, according to the futures market in Chicago, raising the likelihood of FOMC rate is estimated at 93% of the market. For the dollar, this factor will provide support in the short term. Globally, this event does not change, but the short term the dollar could demonstrate the power. The dynamics of credit markets also indicates a decline of quotations couples: the differential yields on 10-year German government bonds and US declines, which is negative for the euro.
EUR / USD recommendation: Sell 1,2300 / 1,2325 and take profit 1,2264.