Euro's break above the ascending triangle, formed over the past three weeks, proved to be fake and the pair is now heading towards the lower extreme of the pattern. Greece uncertainty has outweighted wavering Fed and weaker US CPI print as we are heading into the weekend.

Direction is unclear at the moment, the above-mentioned pattern will need to be convincingly broken either way to establish bullish or bearish bias. Supply band: 1.1400 - 1.1450. Possible demand band: 1.1250 - 1.1300.

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