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Monthly Chart:
Well it looks like price has been stuck in a elliot wave triangle earlier, than formed into a bear flag....Currently, heading south in December....I think if ECB cut interest rate like 0.10 basis point or 0.20 basis points....It's possible to see 500pip -1000pip drop down to 0.9600 level.....As Fed Reserve bank of U.S.A also plans to hike interest rate......So, either way it is going to go lower in December in my view. So, my sentiment is bearish .....And expect price to close aro…
Well it looks like price has been stuck in a elliot wave triangle earlier, than formed into a bear flag....Currently, heading south in December....I think if ECB cut interest rate like 0.10 basis point or 0.20 basis points....It's possible to see 500pip -1000pip drop down to 0.9600 level.....As Fed Reserve bank of U.S.A also plans to hike interest rate......So, either way it is going to go lower in December in my view. So, my sentiment is bearish .....And expect price to close aro…