11:00 MSK. Germany: The indicator of business environment from IFO.
The euro dollar forex trading forecast for EURUSD today 10/25/2019
The course of trading will be affected by several factors. First, macroeconomic statistics from the German index IFO, which may disappoint investors weak data as the eve of the release of negative Markit agency on business activity in industry and services was published. For the euro is negative news. Secondly, the dynamics of the credit market, where the yield on 10-year government bonds in Germany is growing in relation to their counterparts in the US and UK. This is a positive signal for the euro. Third, the upward trend in the oil market will support the single European currency, since there is a correlation between the euro and oil. In general, positive background is formed today.
EURUSD recommendation: Buy 1.1090 / 1.1070, and take profit 1.1137