EUR/USD Elliot wave analysis ahead of ECB interest rate decision

The EUR/USD price is up slightly as traders digest the surging number of Covid-19 cases in Europe and the new restrictions. They are also waiting for the ECB interest rate decision. It is trading at 1.1750, which is higher than this week’s low of 1.1718. Tough time for Europe For months, Europe has recorded significant strides in dealing with the coronavirus pandemic. At some point, many countries even partially started to open their borders. However, recently, the situation has changed and the region is now in the defensive. As winter kicks-off, many countries, including France, Germany, Italy, Spain, and Belgium