The euro dollar forex forecast pair EUR / USD today 05/06/2019
Today, the players in the pair EUR / USD on the Forex currency market are two reasons to open long positions.
First , Eurostat on Friday a surprise to investors - an indicator of inflation in April reached the level of 1.7%, the highest level in the past six months. This is positive for the currency of the Old World, as now the rumors on the new QE from the ECB, will go by the wayside. It talks about the need for redemption (QE) held back the strengthening of the euro since March 8, when the ECB announced its intention to conduct a new round of LTRO fall. At the same time, Mario Draghi announced the implementation of QE program if necessary. Inflation in Europe is growing, and the need for this program is currently not.
Second , the rate of average earnings in the United States on the results of April was 3.2%, below the expectations of investors. For greenbacks is moderately negative signal.
EUR / USD recommendation: Buy 1.1180 / 1.1160, and take profit 1.1250