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EURGBP reach its highest level

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Overview Markets have seen some choppy price action this week in the run up to Christmas. Firstly, commodity currencies have strengthened marginally across the board, amid a turnaround in sentiment in the commodities complex. WTI is set to finish over 4% higher than where it started, benefitting from yesterdays unexpected drawdown in U.S. Crude Oil Inventories (-5877K vs. Exp. 1200K Prev. 4801K). As such the likes of CAD, RUB and NOK have benefited with CAD coming off multi year lows. GBP has

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