Following the British pound, the euro rose on several events:
1. Strong victory for the Conservatives in Britain and clear Brexit prospects
2. Positive conclusion of the Trump-China trade deal (phase 1)
3. Fed's soft stance on rates
However, the market went to the correction since the strength of the euro buyers was not enough to consolidate above 1.1200
Nevertheless, growth is not broken.
EUR/USD
We are waiting for a new hike to 1.1200 and consolidation above this level.
Keep purchasing at 1.1035
Possible purchases with a breakthrough at 1.1200 and up
The material has been provided by InstaForex Company - www.instaforex.com