FX.co ★ Evening review of EURUSD on 12/05/2019. ECB will support the euro

The moment of truth for the markets is approaching. The main events of December 11-12: the Fed meeting on December 11, the ECB and the elections in Britain on December 12.

The pound showed a new growth of 200 points (1.2900-1.3100) - on expectations that the conservatives will get a strong majority - the markets obviously like the Brexit option from Johnson.

The Fed may cut the rate again by 0.25%.

The ECB is expected to announce that it will not pursue a new policy easing.

This set is likely to cause the euro to rise.

We keep purchases from 1.1035, stop at 1.0990 and expect a new wave of euro growth.