FX.co ★ Trading plan for the EUR/USD pair on December 17. Euro rallied after the Fed meeting yesterday.

Global COVID-19 incidence grew again, reaching a new peak of 713,000 a day. In the United States, the number of new infections reached 248,000, while deaths have reached 3.5 thousand.

The situation in Germany is also bad. The authorities recorded 28,000 new cases yesterday.

The only positive news is that vaccination is in full swing both in the UK and the US.

EUR/USD - euro rallied after the Fed meeting yesterday.

Open long positions from 1.2215.

Open short positions from 1.2124.

During the meeting, the Fed decided to leave interest rates unchanged at 0.1%, and the volume of bond purchases at $ 120 billion per month.

With regards to its economic forecast, the central bank expects US GDP to reach 4.2% in 2021 and unemployment to decrease to 5%.