The market predictably stops before the main events of the week, month and end of the year:
December 11 - Fed.
December 12 - ECB.
December 12 - British elections.
Last week, I think the market showed readiness for EURUSD growth, namely:
On very strong employment data on Friday, the news is strongly in favor of the dollar. The EURUSD fell not very much and reluctantly. It happens when the big players see the development in the other direction, against the news.
The assessment of the chances of the outcome of the main events of December 11-12 also speaks more about the option of strong growth of the euro - than about the possibility of a strong fall.
Let me remind you that over the past 3 years, the euro has several times shown very strong movements immediately after the ECB decision - up to 400 points in the 4-digit during the day.
We keep purchases from 1.1035, stop at 1.0990.
In the case of a downward turn, we sell from 1.0980.
