There is some news in the market. The market, like a well-fed crocodile, digests the recently received huge portion of news - the Fed, the ECB and the elections in Britain. And as for dessert, the unexpectedly quick conclusion of the first Trump-China trade deal.
Well, the market may go into the New Year's state (especially since Christmas in the Western countries will interrupt trade before the New Year).
Many fans of the euro were disappointed by the inability of the European currency to immediately go above 1.1180 and gain a foothold there.
Perhaps, many again doubt - and maybe it's not all up?
Gentlemen doubters, look at the picture a little wider.
When was the last euro low shown? That's right, it was a minimum of 1.0879 and it was October 1. And since then, there have been no attempts to test this minimum. The picture looks clearly as a reversal to the top.
So, we keep purchases from 1.1035 and wait for the test 1.1200.
