EURUSD More than a headache for the ECB

This Monthly Chart suggests the price is already on the trend line since 1985, but is it trying to break? If it does, the ECB will have more than a headache, triggering the price to 0.900, of course, that's very hard to see in the mid-term. However, the attention is focused on tomorrow’s Q4 GDP data which is expected to the economy expanded modestly into the end of last year, in this case the street looks for +0.2% QoQ and +0.9% YoY. So technically, the support will be around 1.1350 looking for gains about 1.1500. Keep in mind this level about 1.1500 would be positive for EUR this year.

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