{"id":161462,"date":"2019-12-10T09:00:14","date_gmt":"2019-12-10T14:00:14","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=161462"},"modified":"2019-12-10T08:06:48","modified_gmt":"2019-12-10T13:06:48","slug":"eurusd-analysis-preparing-for-fed-and-ecb-meetings","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/12\/eurusd-analysis-preparing-for-fed-and-ecb-meetings\/","title":{"rendered":"EURUSD Analysis: Preparing for Fed and ECB meetings"},"content":{"rendered":"
December 10, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Preparing for Fed and ECB meetings<\/strong><\/p>\n

Positive macroeconomic data were published in the Eurozone. Will the euro<\/a> continue rising?<\/p>\n

Germany’s trade surplus in October exceeded forecasts, the September indicator and amounted to 21.5 billion euros. The October current account balance of Germany was also better than expected. The Sentix Investor Confidence indicator for December rose in the EU. The main event of this week for the euro will be the next meeting of the ECB on December 12 and the subsequent statement by its President Christine Lagarde. Before this, the next US Fed meeting will be held on December 11. In both cases, no changes in interest rates are expected, but the EURUSD exchange rate may react to statements by the leaders of the American and European regulators.<\/p>\n

\"EURUSD\"<\/p>\n

On the daily timeframe, the EURUSD: D1<\/b> is correcting up within the triangle. A number of technical analysis indicators formed buy signals. Before opening a buy position, the triangle should be breached up. The further price increase is possible in case of negative news at the US Fed meeting and positive – at the ECB meeting.<\/p>\n