EURUSD forecast for today 09/01/2020
The course of trade is heavily influenced by two factors. Firstly, this is the geopolitical tensions in the Middle East. Iran has promised to avenge the United States for the death of their respected military general K. Soleimani, but so far did not. The new commander of the IRGC Quds Force of Iran, General I. Kahney said a few days ago: "We appeal to all, be patient and you will see the corpses of Americans across the Middle East." The possibilities for this Tehran has, since the Islamic Republic has an extensive network of militant organizations in the Middle East. However, instead of the real action was limited to Tehran launches several missiles at buildings of the US base, where there were neither people nor equipment. Apparently Iran does not want to fight or does not want to fight. For the euro is a negative signal. Secondly, this week published the positive macroeconomic statistics from the United States on business activity in the service sector and employment in the private sector. This is a positive signal for the dollar!
EURUSD recommendation: Sell 1.1120 / 1.1137, and take profit 1.1085