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19.12.201908:28 Forex Analysis & Reviews: Trading plan on EUR/USD for December 19. Trump's impeachment weighs in on markets

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Trump's impeachment instigated a negative impact on the markets. The lower house of Congress passed an impeachment of Trump late Wednesday, however, it is far from a settled issue, as the key in an impeachment vote lies on the upper house or the Senate. The US Senate, however, is mostly consisted of Republicans, thus, it is most likely that in the end, impeachment will not pass.

There is no other important news currently. On Friday, the PCE will release data on inflation of the consumer basket of goods

EUR/USD

The euro has been consolidating under the level of 1.1200 for the fourth day today, and is not declining much. This suggests a likely new attempt to pass above 1.1200.

Keep buying from 1.1035, and stop at 1.1035.

It is possible to buy at a breakthrough of 1.1200 up.

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