Above is the EURUSD daily chart.
So, the active part of the year is coming to an end as on Wednesday Christmas will come and active trading operations will end before the New Year which is on January 1-2. The market will be very thin and only then will the active trading begins.
The main news is postponed to January and the issue with Brexit will probably be resolved by January 31 as the election results in Britain gave Prime Minister Johnson an opportunity.
Furthermore, the Trump Trade Agreement with China has a chance of being signed. The remaining questions are already in the New Year.
Thus, it remains to look at the technical picture:
EURUSD: Market conditions.
As you can see on the chart, the level of 1.1200 turned out to be an insurmountable obstacle on the way up and this fact is strengthened by the fact that the previous resistance on the way up for the euro was almost at the same level which is at 1.1180 by the second half of October. At the level of 1.1200, a full-fledged level will be formed not of the daily, but the weekly order during the closing of the current week.
However, support from below 1.0980 is even stronger. And in addition, there is a daily order level below 1.1040.
This creates a very tight range between the opposite upper and lower weekly as levels are only 200 points. This potentially leads to a very strong movement after the breakout.
Let me remind you, we keep purchases from 1.1035 and stop at 1.1035.
However, in case of a downward movement from 1.1035, we resort to sale (a coup).