Events traders today:
14.00 MSK. United Kingdom: The decision on the basic interest rate of the Bank of England in May (the previous value of 0.50%, 0.50% forecast).
15:30 MSK. US: Consumer Price Index for April (the previous value of 2.4% y / y, forecast 2.5% y / y).
The euro dollar forex forecast pair EUR / USD today 05/10/2018
Traders on EUR / USD: two reasons to open long positions Buy:
The first reason , the data that came out yesterday on the producer price index in the United States, were much worse than expected median, it is not possible today, forex players to rely on the release of positive inflation report at 15:30 MSK. For buyers of the dollar is a negative signal, which may cause them to take profits on the "shorts".
The second reason , positive on the commodity market, it is a negative factor for the greenback, as the raw material is quoted in US greenbacks. The leaders of growth in the medium was oil, which potyazhelela 3%, after the decision D. Trump quit the "Iranian deal."
EUR / USD recommendation today: Buy 1,1862 / 1,1835 and take profit 1,1930.
Company analyst FreshForex