Is it Euro or the announcement of GDP today? Cannot say… Hence I am not venturing into any forecasts.
On one hand a potential drop of Euro is in the close vicinity.
On the other hand whether GDP will meet expectations or not.
If both these actions together happen; opposing each other, then we might see huge volatility. But if the GDP falls below expectations and Euro takes new low…. I need not say what then will be the panic.
Anyways, DOW is positioned just below the trend line, so that it is ready to move in any direction.
We will have to see if it is 9700 or 10300+ .
