The euro dollar forex EURUSD forecast for today 22/02/2019
Currency pair EUR / USD trading for today may show moderate growth, against the background of positive statistics from Germany, and the preservation of the upward trend in the oil market. IFO index today may please investors data better than expected median, as this indicator is closely correlated with the PMI Composite, which is the day before rose to four-month high. In the oil market remains an uptrend, and BRENT consolidation near the level of $ 67 / barrel, this is a temporary lull before the storm. On Thursday, the oil market has ignored the negative statistics from the United States, which reported about the growth of reserves and production of hydrocarbons. The market ignores the negative only in one case, when there are a lot of buyers! For the euro is a positive signal.
EURUSD recommendation: Buy 1.1310 / 1.1290, and take profit 1.1370