EUR/USD AT BOTTOM

The curve I drew in my last post holds. The Euro decline appears to be bottoming out. On Wed 3 Dec 15 both the Fed and the ECB will show their hands. Fed may emphasise the gradual nature of coming rate increases and ECB may lighten up on its Quantitative Easing program. Many punters, however, still expect parity before year end, pressing EUR/USD down. Perhaps 1.00 is the real bottom, after a short recovery this week. I wait and watch.