HughGRection

Contained by wedge/Fibs: Awaiting US GDP

FX:EURUSD   Euro / U.S. Dollar
130 0 1
- 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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