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HughGRection

Contained by wedge/Fibs: Awaiting US GDP

Euro / U.S. Dollar (FX:EURUSD)  
HughGRection  
FX:EURUSD   Euro / U.S. Dollar
1
0
- 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
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