The EUR/USD pair closed last week with a sharp fall. A break down at the levels of 1.1050 and 1.1025 and closing (of the day and week) below these levels is a strong signal to start the downtrend down.
The fall of the euro is promoted by the expectation of a softening of the ECB policy already at the 12/09 meeting. In addition, the data show a slowdown in the German economy.
Over the weekend, Trump imposed new duties on imports from China, amounting to $110 billion and plans another $150 billion on December 15.
EUR/USD: We keep sales from 1.1050 and upward bounce of sales are possible.
In case of a full upward turn, we can purchase from 1.1095.
