The euro dollar forex EURUSD forecast for today 03/06/2019
Published macroeconomic statistics from the United States points to the strengthening of the dollar in the short term. First, the PMI service sector index rose to a three-month high and significantly exceeded the expectations of investors. US companies recorded at the end of the winter increase in orders, including export. Second, the sale of new buildings in the United States fell at the end of December by 2.3% in annual terms, but investors are waiting for a much more severe fall in sales due to the rise in price of the mortgage. You can not ignore the "bearish" trend in gold - the precious metal this week hit by a wave of sales, which is also negative for the euro, due to the direct correlation and EURUSD XAUUSD.
EURUSD trading recommendation: Sell 1.1315 / 1.1325, and take profit 1.1285