17:00 MSK. US: ISM composite index for the non-production sphere in September.
The euro exchange rate against the dollar forex forecast for EURUSD today 03/10/2019
The futures market in Chicago indicates a decrease in the US Federal Reserve interest rate meeting on 30 October. This will be the third cut in interest rates this year. Over the past five weeks, the Fed bought assets on its balance sheet in the amount of 98 billion. Dollars. - the last time such an increase was recorded in November 2014. Reduced rates and asset purchases traditionally contribute to a reduction of the national currency, in this case, we get the signal to the weakening dollar. At the same time, one should not expect a strong upward trend in the pair EURUSD, as investors expect interest rate cuts by the ECB for the December meeting.
EURUSD recommendation: Buy 1.0945 / 1.0930, and take profit 1.0970