Events for today:
11:30 MSK. United Kingdom: Changes in the level of average earnings in June.
15:30 MSK. US: Retail Sales for June.
16.15 MSK. US: Industrial Production for June.
The euro dollar forex trading forecast for EURUSD today 07/16/2019
The currency of the Old World today demonstrates the fluctuations in the level of 1.1250. We try to weigh the "pros" and "cons" to understand the possible trend. The calendar of events two statements can be identified today from the US retail sales and industrial production. Most likely, both indicators can not please investors strong data, as in America in the early summer of the share of the economically active population. Echo US trade war - China prevents American businesses. Dollar is a negative factor. On the commodity market, we are seeing good demand in the metals segment, which is positive for the euro, which is correlated with the commodity. Commodity market received a positive portion of the high places, which reported about the growth of industrial production and an increase in investment in fixed assets. "China's factory" is gaining momentum and is ready to increase the consumption of metals. But in the ointment has a fly in the ointment - 25 July The ECB will hold its regular meeting, which may announce lower interest rates. This is a deterrent for the euro.
EUR / USD recommendation: Buy 1.1250 / 1.1230, and take profit 1.1312