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Main » 2018 » October » 22 » Forex forecast for EURUSD and recommendations for today 10/22/2018: Central Bank of China helps euro
10:37
Forex forecast for EURUSD and recommendations for today 10/22/2018: Central Bank of China helps euro

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The euro dollar forecast EUR / USD pair today 22/10/2018


Chinese financial authorities have promised to provide banks with extra liquidity, which caused an increase in both the goods market (oil and metals) and on the single European currency. 

 

 

 

It always happens when the People's Bank of China to the rescue to its credit institutions. What happens next - usually we are seeing an increase in two or three days. Today is the second trading day, which means that we again expect growth of the single European currency. In the debt market, the yield on 10-year government bonds in Germany is growing in relation to their counterparts in the US and the UK, which is also positive for the EUR / USD.


EURUSD recommendation: Buy 1,1515 / 1,1490 and take profit 1,1565.
 

 

 

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