This week there will be a package of important data on the US economy, which is dubbed as the main data. This data is an employment report for November and for this week's Wednesday and Friday, where an important ISM report on the services sector is expected on Wednesday on the fourth of December. Where we will find out whether this indicator remains at the same high-level relative of 50?
On Monday, an ISM industrial report will be released, and for at least two months now, it has been below 50 which is indicating a slowdown.
Meanwhile for EURUSD:
Closing on Friday was in favor of buyers in the thin market, where the euro sharply turned up;
We must be ready to buy in case of breaking through the level of 1.1035;
However, we must be ready to sell in case of a break below 1.0980; and
The range has a weekly duration, there should be output.
