At the end of last week, the EUR/USD rate fell significantly, after an unexpectedly very strong US employment report for November: +266 K - this is almost 100 K above forecasts.
At the same time, note that with such strong news in favor of the dollar - the decline of the Euro was relatively small.
The new week - the main one for December - will set the market direction for the first months of next year:
Wednesday - the Fed's decision on rates - possible rate cuts.
Thursday - the ECB's decision.
Thursday, December 12 - British parliamentary elections - this will determine the fate of Brexit.
In addition, December 15 - the deadline after which Trump can impose new duties against China - if there is no progress in trade negotiations.
EUR/USD:
We still keep purchases from 1.1035, stop at 1.0990
Sales from 1.0980
Possible purchases when breaking through the top 1.1015
