The euro dollar forex trading forecast for EURUSD today 04/03/2019
Today in the forex trading the EUR / USD may show the growth rate to a maximum of the last week (1.1419) for two reasons. Firstly, the reduction of the spread of the Eurozone and the US inflation may force investors to buy euros and sell dollars. Last year the figure was about one percent - now the difference is only 0.1%. Against this background, on Friday, the euro area banking sector STOXX Banks index rose by 2% - paper credit institutions traded significantly better than the market. Why? Rising inflation allows the ECB to raise interest rates gradually, which is favorable for banks, which will increase their interest income. Second, Friday's US statistics on business activity in the industry from the ISM data disappointed investors weak, which may also provide support to the euro.
EURUSD recommendation: Buy 1.1350 / 1.1329, and take profit 1.1419