The euro dollar pair EURUSD forecast for today 18.01.20 18
Forex traders on EURUSD today awaits a positive background. First, America still can not accept the state budget due to political infighting that annoys investors, and they try to avoid dollar purchases. Second, the yield spread of 10-year German and US securities demonstrates, though moderate, but still growth, it will support the euro. Third, the upward trend in the market of black gold have a positive impact on the value of the single currency, because there is a strong relationship EURUSD market and BRENT. Oil rises in price after OPEC's monthly report, the cartel which has reported on production cuts in December at 751 th. Barrels. / Day. And it is up to the OPEC agreement + !! Investors should wait for the growth of oil prices in the region of 63.30 BRENT grade in the short term.
EURUSD recommendation: Buy 1.1381 / 1.1365 and t ake profit 1.1460.