Complex triangle consolidation persists for EURUSD

The July CPI figure and the FOMC meeting minutes could generate EURUSD volatility. But it is likely to be muted. Trend analysis shows that a contracting 1.1465 – 1.0815 triangle consolidation persists. There is short-term support at 1.1050/1.1030, and potential for a rally toward 1.1210 and 1.1350.

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