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10.12.201915:55 Forex Analysis & Reviews: Evening review for EURUSD for 12/10/2019

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The market is tired of waiting and now there was a day left until the main days of December 11 and 12.

The first big event is the Fed tomorrow, December 11th.

Fed Chairman Powell is rumored to be more inclined toward another Fed rate cut.

At the last meeting, the Fed clearly said that it believes monetary policy is balanced, thus, the rate cut should be stopped.

However, Donald Trump harshly attacked the Fed again, demanding policy easing and rate cuts. The US dollar is quite expensive at the moment and this negates all of Trump's efforts in a trade war with China.

Therefore, rumors say that the Fed may still cut the rate by 0.25%. Inflation in the US remains very moderate. Apart from high stock prices, there are no other signs of an overheating economy.

EURUSD: We keep purchases from 1.1035, stop at 1.0990.

In the case of a full reversal down, we sell from 1.0980.

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