The euro dollar forex trading forecast for EURUSD today 03/14/2019
Euro creates a positive background, however, thanks to the strength of the European economy, but at the expense of weak statistics from the United States. US Federal Reserve in 2018 as raised high interest rates that many sectors of the economy were not ready for this. This is evident from the reports of wholesale and retail trade, real estate and car sales. Today in the afternoon, we will get a fresh report on new home sales in the US in January. Since the mortgage went up, we can expect release of weak data, which will allow the euro to demonstrate short-term growth of quotations. It is impossible to ignore the dynamics of the commodity market, where there is growth in the segment of industrial metals and energy - for the euro is also a positive sign, as the single currency has a direct correlation with gold, copper, oil.
EURUSD recommendation: Buy 1.1305 / 1.1285, and take profit 1.1360