The euro dollar forex trading forecast for EURUSD today 06/04/2019
Today we expect a "roller coaster". In the morning you can expect a depreciation of the euro against the background of a moderately negative news from the euro area inflation - reducing consumer demand and low energy prices point to a decline in the consumer price index. inflation report will be prepared two days before the ECB meeting, and investors will start to reflect on the theme of conservation of zero rates in Europe for a long time - it may be the main options that will be guided by M. Draghi and his colleagues. In the afternoon, all the attention of investors will be focused on the speech of the Fed. Taking into account the growth of geopolitical tensions between the US and China, the head of the Fed may hint at easing monetary policy in the second half of the year. Dollar is a bad sign! What we have in the dry residue? In my opinion, price decline in the first half of the day should be used to open positions Buy, based on continuation of the trend.
EUR / USD recommendation: Buy 1.1230 / 1.1211, and take profit 1.1265