11:30 MSK. United Kingdom: PMI index for the non-production sphere in August.
The euro to dollar exchange rate EURUSD forecast for today 09/04/2019
Euro for three consecutive days trading below the psychological level of 1.1000, and in this area it is advisable to open a Sell position. Before the next meeting of the ECB remains little more than a week, where the regulator is the first time in history to introduce negative interest rates. Such a scenario is now a base in investment circles. On the eve of a series of statements made by the representatives of the ECB, which essentially boils down to the fact that on 12 September the central bank will lower interest rates and promise to keep them at a low level for a long time, at least within the next twelve months. You can not ignore the statements of J. Trump that the EU "is also behaving dishonestly in terms of trade" in relation to the United States. The American president may at any time announce the introduction of duties on European products, that will be perceived negatively by investors. It is worth noting that the euro is now stronger sales should not be expected, since the fall in the debt market yields of US government bonds. This factor reduces the attractiveness of investing in US assets.
EURUSD recommendation: Sell 1.0992 / 1.1015, and take profit 1.0962