From important news: Trump met with Fed Chairman Powell and expressed his dissatisfaction with the insufficient Fed rate cut. According to Trump, the Fed rate is too high relative to the rates of other developed countries. This is not the first such statement by Trump, despite several Fed rate cuts.
The Fed has a high degree of independence – however, the opinion of the president can influence the opinion of members of the Fed.
The Fed's rate decision will be made on December 11th.
EURUSD – The euro insists on growth.
On Monday evening, the euro showed a new increase to 1.1085.
We keep purchases from 1.1045, further purchases after 1.1180 – or from a strong pullback.
Sales at the break down of 1.0980.