EUR/USD reached 1.4135 after the FOMC minutes but it was unable to pierce the top of the triangle.

The minutes themselves were a mixed bag with some optimism that recession is ending but also expectations that unemployment will stay high and the economy will grow below its potential rate for years to come. The committee also noted weak world growth and expects that to have a negative impact on the economy.

EUR/USD trades at pre-FOMC levels of 1.4115.

7-15-EUR3