There's two important positive news for the euro:
1. The Conservatives got strong results in the British elections. B. Johnson's party won the largest majority in 32 years, since the time of Margaret Thatcher, giving Johnson an excellent chance of delivering Brexit by its deadline on January 31.
2. Finally, the US-China trade agreement has been concluded. Although it is still at "phase one" and has not yet been signed, the deal shows positive signs.
EUR/USD: last week, the euro had a good increase and reached a high of 1.1180 for 3 months.
However, by Friday evening, sellers were stronger and they were able to drop the euro to 1.1111.
Nevertheless, we are waiting for a new attempt to go up to 1.1200.
Keep purchases at 1.1035.
In case of a reversal, sell at 1.1035.
The material has been provided by InstaForex Company - www.instaforex.com