Forex forecast EURUSD exchange rate for today 07/10/2019
For the euro positive background is formed today. The yield on 10-year German securities market debt grows to counterparts from the US and the UK, it will support the euro. The futures market in Chicago indicates a 77% probability of the Fed lowering rates at the meeting of 30 October. Friday's release on the labor market points to a slight slowdown in economic growth in the United States. J. Trump and his team need to lower interest rates and the Fed seems to go on this step. Furthermore, US banks continue to indicate problems with liquidity, thus implying the need for the Federal Reserve to launch a printing press. And the Fed, apparently, it will also make. For the dollar is negative, and this is positive for its competitors.
EURUSD recommendation: Buy 1.0965 / 1.0 950 and take profit 1.1008