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FX Watch: Eurozone CPI report drives breakout of the EUR/GBP triangle?

Posted on by Vaseline
FX Watch: Eurozone CPI report drives breakout of the EUR/GBP triangle?

EUR/GBP appears to be bracing for the upcoming Eurozone flash CPI report as the pair consolidates firmly into a small triangle pattern. Which way will it go? A new decline in price pressure is expected in September, and leading indicators point to lower price pressure this month.

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