- Pushing upper boundaries of wedge
- Strongly capped at 0.5 Fib ~ 1.30
- Supported by 0.236 Fib ~ 1.294
- Euro consumer confidence will play a small role, but the huge variable is US GDP at 12:30 GMT.
- GDP > 2.5%: QE expected to end more quickly = USD positive -> EUR/USD down towards trend line support
- GDP EUR/USD above 1.30
- Strongly capped at 0.5 Fib ~ 1.30
- Supported by 0.236 Fib ~ 1.294
- Euro consumer confidence will play a small role, but the huge variable is US GDP at 12:30 GMT.
- GDP > 2.5%: QE expected to end more quickly = USD positive -> EUR/USD down towards trend line support
- GDP EUR/USD above 1.30