OK, we know that the EURO is weak. But who's going to be weaker? Euro or Aussie?
Looking at the formation, then I believe that it's going to be the Aussie who will show some weakness in this scenario. I believe that Gold will play an important role in there, if it will continue to sell off as it is doing now.
There is a chance, that this pair will do a few bounces inside the wedge, before it will break to one or another side. I am leaning more towards the downside. with a target of around 1.49400.
As always, be careful and keep an eye on the price action!