In 2019, the EUR/USD volatility fell to the lowest level in the history of the European currency since 2002. In the past years, the usual course of movements in the euro was approximately 2,000 points in one direction, with usually two strong trend movements per year in one direction or in different directions. But even by the standards of 2019, the volatility has fallen even lower over the last 1-2 months.
The market, on the other hand, is waiting for strong news to start the movement. It would probably have to wait until the end of January when the main events will be held. The ECB on January 23 and the Fed on January 29.
However, the trend may start earlier than expected. It could start today on the US employment report which is expected at 13:30 UTC.
Meanwhile, you can buy around the current with a stop at 1.1060.
You can buy a breakthrough at 1.1205.
U-turn down from 1.1065.
