Eur usd forex forecast for EURUSD exchange rate for today 04/02/2019
In spite of strong data on the Non-Farm greenback closed last week lower rate. Expectations for the euro has not changed - waiting EurUSD growth rate in the region of 1.1621. The American is in a correction phase since the Fed does not want to quickly raise interest rates. Last year, the FOMC raised rates four times, which provided a strong dollar uptrend because of the world's major central banks, only the United States has raised rates three times or more. This year, the Fed may raise rates only once (this is what points to the FOMC futures exchange CME) and the dollar is a big negative.
EURUSD recommendation: Buy 1.1430 / 1.1410, and take profit 1.1535