FX.co ★ Trading plan for EUR/USD for December 10, 2019. Major events are getting closer.

Three major events for global markets are getting closer:

December 11 - Fed

December 12 - ECB

December 12 - British parliamentary elections

Movements in the markets stop before such a package of important data: large investors do not want to open positions until they receive full information - and without large players, big movements are impossible.

Therefore, we see a narrow consolidation in the euro, pound, franc and yen.

However, sometimes the market begins to move before the release of strong data - you need to be ready for this option.

Keep buying EUR/USD from 1.1035, stop at 1.0990.

Be ready to buy at a break of 1.1115 up.

Be ready to sell at a full reversal from 1.0980 down.