The euro dollar forex EURUSD forecast for today 03/05/2019
At present, formed a mixed background. On the one hand, the euro is able to demonstrate the reduction of quotations to 1.1290 against the background of the negative dynamics of the credit market, where the yield on 10-year German government bonds is reduced in relation to their counterparts in the US and UK. On the other hand, the continuation of the upward trend in the oil market can have a single European currency, strong support, as EURUSD and BRENT have historical direct correlation. In the market of black gold is now a decline in raw material supplies from Venezuela, Iran, Russia and Saudi Arabia, which will force investors to open positions Buy. In Venezuela, do not stop opposition rallies, and the United States together with HH threatened by the current president with new sanctions. States want to leave N. Maduro without "purse" - they want to lock up oil company PDVSA. As a result, the euro picture confused today, and it is advisable to open positions BRENT Buy with Target 66.80 oil.
EURUSD recommendation: flat 1.1280 -1.1380