FX.co ★ Trader's Diary: EURUSD on 12/11/2019, Important changes

Today at 19:00 Universal time on the Fed's decision on rates. Most experts believe that the rate will remain at 1.625% but there are some indications that the Fed may reduce the rate by 0.25%.

There are still two other important events for tomorrow, December 12, namely the British parliamentary elections, and the ECB decision.

EURUSD

The long standing of the euro in the range has changed the technical picture. Recall that we are in a purchase from 1.1035 and until today, the stop has stood at 1.0990.

However, at the level of 1.1035, a daily order level formed for entry down. Thus, in the case of a downward movement, we go down from 1.1035 and there we take a stop on purchases.

Stop on sale is from 1.1035 and will fall at 1.1080.