In the monthly chart i think, price formed a elliot wave triangle......Currently trading inside a bear flag structure....2 breaks are possible in this structure.....First one is around 1.4969.......from where price can decline back to previous low 1.4565......With Fed rate hike inbound in December.....That would be the first test.....I think the next target is around 1.3686......That is if we got another rate hike by Fed in March.......December will be interesting month :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.