Forex forecast of the euro dollar pair EURUSD today 02/09/2019
Weak data on inflation in the euro area in August leave investors with no choice but to sell the euro and buy European equities. Why? On the tracking week, a regular meeting of the ECB's monetary policy, and investors expect the central bank interest rate cuts. Let me remind you that last month one of the most authoritative representatives of the ECB O. Rehn expressed readiness regulator to take this step to increase inflation in the Old World. The problem of low inflation may lead the economy into a severe depression - the ECB is well aware of and do not want to tempt fate. Additional pressure on the euro could have a downward trend in gold. In the United States last week carried out a survey among private investors and 95% of respondents said that they are buying gold. Usually it is a sign of the completion of the trends and trend reversal.
EURUSD recommendation: Sell 1.1025 / 1.1040, and take profit 1.1000