Euro Dollar forek EURUSD forecast for today 10/06/2019
The negative macroeconomic statistics from the US labor market for May points to a continuation of the upward trend in the euro. Non-Farm figure of more than two times higher than the median forecast of economists worse investment bank Wall Street, but the main thing is not even that, but the fact that the rate of growth of average earnings was 3.1%, the lowest level in four months. Investors are now waiting for the US Federal Reserve lowering interest rates in the second half of the year - a decline could range from 0.5% to 0.75%. The yield spread on 10-year German government bonds / US is now demonstrating rapid growth, which will have a good support euro. Of course, nothing can not happen, but now there are expectations of market data and expectations against the US dollar.
EUR / USD recommendation: Buy 1.1300 / 1.1280, and take profit 1.1360