15:30 MSK. US Producer Price Index for September.
Forex EURUSD forecast for today 08/10/2019
Traders in EURUSD are two reasons to wait depreciation of the euro. First, reducing the yield spread on 10-year German / US government bonds, debt market, which adversely affects the value of the euro. Second, investors are actively selling gold, which is also negative for the euro currency exchange rate, as there is a strong correlation between the euro and precious metals. Macroeconomic data from the United States Producer Price Index, in my opinion, will be released at the level of the median forecasts, as in the United States recorded a moderate decrease in raw material costs that can not be expected to increase the cost of production. Dollar is a neutral factor.
EURUSD recommendation: Sell 1.0994 / 1.1015, and take profit 1.0957