Pair's Outlook
EUR/USD registered a mild decline on Wednesday, just after the Fed announced a decision to raise the key interest rate. Thursday trading, however, proves to be much more active from the side of the Dollar's bulls. The pair is expected to test the weekly S1 and 20-day SMA at 1.0845, which is the first major support for today.

On Tuesday the November inflation data were released in the US that made the market participants more confident about the interest rate hike. On Wednesday, December 16, at 20:00 СЕТ the US Fed will announce its decision and half an hour later Janet Yellen will comment on it. the interest rate hike has been expected for most of this year. How the currency rates will react on it?

Yesterday’s Trading:
By the end of Wednesday the euro/dollar had renewed to the U4 at 1.1042. Growth for the pair exceeded one figure. There was no news yesterday to put the dollar down. More long positions on the dollar were closed yesterday as they have been since the ECB declined to ratchet up their efforts and loosen their monetary policy.

Yesterday’s Trading:
Monday saw the euro/dollar reaching for the support at around 1.0800. The correction was 38.2% from the growth from 1.0518 to 1.0980. The calendar was empty, so the price easily returned to the balance line at 1.0859.