18:00 MSK. US: Federal Reserve Board of Governors Chairman Jerome Powell will deliver a speech in December.
The euro dollar forex EURUSD forecast for today 26/02/2019
The main event today, the speech of the US Federal Reserve in Congress with the traditional semi-annual report. What has changed in the US economy over the past 6 months? It changed a lot! Firstly, we do not see a rapid growth in industry and services. Secondly, the increase in FED interest rates in 2018 caused a decrease in the volume of mortgage lending. Real estate is an important sector of the economy. Let me remind you that the last global crisis of 2008 was caused precisely by the problems in the US real estate. What we have in the dry residue? D. Powell now acknowledges the need to take a long pause in raising interest rates. It was a long, otherwise you can severely harm the economy. Dollar is a signal to sell, and the single European currency today can show a good upward trend.
EURUSD recommendation: Buy 1.1350 / 1.1325, and take profit 1.1425