10:30 MSK. Germany: PMI in the manufacturing sector in June.
The euro \ usd forex forecast for EURUSD pair today 06/21/2019
Euphoria swept the global financial market. After the US Federal Reserve meeting observed a strong trend against the US currency. Good demand observed in the segment of emerging market currencies and commodities: dramatically increasing the cost of the Russian ruble, Turkish lira, Mexican peso, the Brazilian real, palladium, oil, gold, silver. The futures market in Chicago indicates a high probability of reducing the interest rate on the FOMC meeting on 31 July and 18 September.
On the debt market the profitability of US two-year government bonds is now below the level of 1.75%, which is 0.63% lower than the discount rate of the US Federal Reserve - this factor confirms the negative trend for the dollar! The negative balance of US balance of payments current account in the first quarter has increased by 7.14% in 2019. J. Trump is right when he talks about the need to reduce the dollar.
EUR / USD recommendation: Buy 1.1285 / 1.1265, and take profit 1.1330.