empty
 
 
03.12.2019 03:37 PM
Evening review of EURUSD on 12/03/2019

This image is no longer relevant

The euro predictably met resistance below the level of 1.1100. In terms of trading, the range is the best place to get into sales. And sellers have stepped up but buyers are holding on.

Let me remind you that the growth of the euro was caused by Trump's call to the Fed to lower the rate. The Fed meeting will be held on December 10-11. The Fed decision on December 11.

Conflicting news is coming in on Trump-China trade talks. On the one hand, December 15 is the deadline for an agreement and Trump could impose new duties against China. On the other hand, Trump himself said that there was no specific deadline and that the negotiations could last into 2020.

Some experts believe that the new duties against China can have a very painful impact on the entire world economy and can trigger a new big crisis - Trump, who is going to be elected for a second term in November 2020, clearly does not need it. Uncertainty.

The important news is not expected on Tuesday.

On Wednesday, there will be important reports on employment in the US and on the state of the services sector in November.

EURUSD

We keep purchases from 1.1035.

Stop at 1.0990.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback