Eur usd forex forecast for EURUSD rate today 09/03/2019
European Manufacturing PMI index for seven months in a row is lower than 505, indicating that the economic slowdown in the Eurozone. Next Thursday the ECB will hold a regular meeting on monetary policy, in which it can advertise lower interest rates and launching QE program (purchase of bonds in the market). It is expected that outcome now the majority of market participants. For the euro is a negative signal, while a positive for the stock market. On the first trading day of September, we have seen is a trend: the euro fell and stock markets grew. Today I expect to continue this trend. Among European stock markets in the first place it should be noted Index # ESTX50, which aims to increase the area in the psychological level of 3500.
EURUSD recommendation: Sell 1.0980 / 1.1000, and take profit 1.0940