Forex forecast EURUSD exchange rate for today 18/10/2019
Today, there are both good and bad news for the euro. On the one hand, the European Union agreed with the UK BREXIT, that eliminates the political risks for both the United Kingdom and the euro area. This is positive for the euro. On the other hand, the debt market is experiencing decline in yield on 10-year German government bonds relative to their counterparts in the United States and the United Kingdom. This factor may force investors to take profits on long positions in the euro ahead of the weekend, because this week the European single currency showed a good growth of quotations.
EURUSD recommendation: flat 1.1100 -1.1160