EURUSD: Coiling for a Potential Breakout This Week

For over two weeks now, EURUSD has frustrated both bears and bulls. After shedding 300 pips in July, the pair has now been contained to just a 110-pip range for over half of August. The recent price action has been particularly exasperating, but a developing technical pattern suggests that we may see a breakout and the return of volatility this week. Since the minor high formed on August 1st, EURUSD has been putting in consistently lower highs, but the rates have also been forming higher and



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