The euro dollar forex trading forecast for EURUSD today 02/19/2019
On Monday, in the absence of US investors, the euro was able to show a slight increase. Today the US is working normally, and traders should wait for EURUSD accelerated uptrend. Why? There are two reasons. First, the dynamics of futures on interest rates the Fed indicates that the central bank will not be in the current year to raise rates. Dollar loses substantial support. Against this backdrop, the yield spread of 10-year German government bonds and US can demonstrate growth, which is positive for the euro. Secondly, we have seen "bull rally" in the commodity market, which is negative for the dollar, which is trading with metals and energy in different directions. It is worth noting that there is "rally" - despite the seemingly overbought oil, gold, copper - these tools continue their victorious march.
EURUSD recommendation: Buy 1.1293 / 1.1270, and take profit 1.1364