In spite of all the major banks forecasting higher EURUSD rate for 2019, I believe there is more risk in the eurozone than in US. Namely:
- Eurozone industrial production falling - Germany close to technical recession - Brexit, EU parliamentary vote - Mario Draghi admitting eurozone growth slowing down -> rate hike far away.
Technicals:
-Weekly 61.8 support - Weekly 20 ema resistance
Trade idea: - Wait for further slide and see what happens around support