Tuesday is the last trading day of the year and volatility will likely to remain below regular levels today. Traders will keep a close eye on Chinese PMI and the US housing data.
The main scenario assumes a move below 1.1190.
An alternative scenario is a return to the 1.1220 resistance.
We would be selling euro towards 1.1180 only if the price drops below 1.1190.
Buy the EUR/USD pair to 1.1220 if bulls overcome the mark of 1.1200 and stay above it.