FX.co ★ Trading plan for 09.12.2019. Main week of December.

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