Trade negotiations the US and China.
The euro exchange rate against the dollar EURUSD forecast for today 10/11/2019
The main event of the day will be the announcement of the results of the next round of trade negotiations, the US and China. Tonight is cost meeting the American president J. Trump with Deputy Prime Minister of China Liu He. Earlier, Trump said that to agree to such a meeting only if progress in trade negotiations. Apparently, there is progress. How this event will affect the value of the euro? Most likely, the euro will demonstrate decline today as the single European currency is the low-yielding assets, such as gold and the Japanese yen. Investors today will increase the "Long" for higher-yielding assets (stocks, currencies with higher interest rate securities). Against this background, forex traders should not expect depreciation of the euro to around 1.0975, and gold to the level of 1484.
EURUSD recommendation: Sell 1.1019 / 1.1035, and take profit 1.0980