15:30 MSK. US: Consumer Price Index for July.
The euro exchange rate against the dollar forex forecast for EURUSD today 08/13/2019
At the end of last week, investors were concerned about the situation in Italy, where he broke the political crisis. However, at the beginning of a new five-day market has forgotten about this factor. Investors no longer massively sell Italian bonds and bank stocks. The focus was again the monetary policy the US Federal Reserve. On the eve of the yield of three-month US Treasury Bills Ministry of Finance for the first time fell below 2% this year. This rate is the benchmark for interbank lending in London (Libor rate). The growth of interbank lending rates always leads to an increase in value of the dollar and vice versa. Now we see a rather stable trend to reduce interest rates, which will contribute to reducing the value of the dollar.
EURUSD recommendation: Buy 1.1172 / 1.1150, and take profit 1.1229