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06.12.201908:33 Forex Analysis & Reviews: Trading plan for EUR/USD on December 6, 2019

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The growth of the EUR/USD rate in December was caused by the weak data on the US economy, a possible reduction in the Fed rate.

Sellers attempted to push the Euro down from the 1.1100 level but buyers returned it to this level.

Today, it is important to track the impact of the US employment report on the dynamics of EUR/USD pair - and what will be the closing today and this week.

The employment report will be released at 14:30 London time with an expected significant decline in the number of new jobs below 100K. This may cause a new wave of growth in the Euro.

Keep purchases from 1.1035, stop at 1.0990.

Possible purchases are with kickbacks.

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