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11.12.2019 10:05 AM
Trading plan on EUR/USD for December 12, 2019. Investors are getting ready for Doomsday.

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So, the critical days of December has come: today at 20:00 London time, the Fed will announce a decision on monetary policy. There is more than 50% of probability that the Fed rate will remain unchanged at 1.625%, however, there is still a chance that it will be reduced by 0.25%. Lower rates is a signal to sell the dollar. The rate cut was insisted by US President Trump.

Furthermore, on Thursday, expect the ECB's decision on rates - and elections to the British Parliament. The latest pre-election polls show that the Conservative party, led by Boris Johnson, will win, which is positive for both the pound and the euro, as Johnson has the option of Brexit ready.

Quotes for put options on US stocks rose and investors are buying protective options in case of a sharp fall in the US market.

EUR / USD: keep purchases at 1.1035.

Possible breakthrough on purchases at 1.1115 up.

Sell at 1.0980.

More aggressively: Sell at 1.1035.

Jozef Kovach,
Analytical expert of InstaForex
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