The euro predictably met resistance below the level of 1.1100. In terms of trading, the range is the best place to get into sales. And sellers have stepped up but buyers are holding on.
Let me remind you that the growth of the euro was caused by Trump's call to the Fed to lower the rate. The Fed meeting will be held on December 10-11. The Fed decision on December 11.
Conflicting news is coming in on Trump-China trade talks. On the one hand, December 15 is the deadline for an agreement and Trump could impose new duties against China. On the other hand, Trump himself said that there was no specific deadline and that the negotiations could last into 2020.
Some experts believe that the new duties against China can have a very painful impact on the entire world economy and can trigger a new big crisis - Trump, who is going to be elected for a second term in November 2020, clearly does not need it. Uncertainty.
The important news is not expected on Tuesday.
On Wednesday, there will be important reports on employment in the US and on the state of the services sector in November.
EURUSD
We keep purchases from 1.1035.
Stop at 1.0990.
