FX.co ★ Trading plan for the EUR/USD pair on December 8. Euro rally halted ahead of the ECB meeting this week.

EUR / USD - the euro stopped growing ahead of the ECB meeting this week.

This is because the decisions during it may cause the euro to turn down, but then such a scenario will provide new impetus for growth in the EUR / USD pair.

Continue setting up long positions from 1.2000 upwards, but place stop and be ready for a pullback from 1.2077.

Longs may also be opened from 1.2180.

The US market wants to grow, but for that to happen, a strong push is needed, which may come from the adoption of the $ 900 billion bailout package.

In this regard, it is best to wait for growth without buying. A short growth will be followed by a correction, then, at that, we can sell for upward rebounds.

Global COVID-19 incidence decreased again yesterday, only amounting to below 650,000. I

n the US, new infections are still at high levels (around 200,000 a day), but in Europe, there is an obvious decline in the figures.

Vaccination starts in the UK this Friday.