EUR/USD Outlook (12 December 2019)

Overall, EUR/USD is trending upwards. Recently, EUR/USD trended higher after a slightly negative FOMC meeting, causing the U.S. dollar to weaken.
The European Central Bank (ECB) will be announcing their interest rate decision later at 2045 (SGT).
It is widely expected that the ECB will be holding interest rate unchanged at 0.00%.
The ECB will also be holding a press conference at 2130 (SGT). As this is ECB President Christine Lagarde’s first press conference, pay attention to any monetary policy plans for the year 2020.
During the press conference, volatility is expected of EUR pairs.
Currently, EUR/USD is testing the resistance level of 1.11500 and the next support level is at 1.10100.
Stay out of EUR/USD for now.