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EUR/USD, EUR/GBP Inch to New Highs Post-German CPI

EUR
  • EUR/USD prints a new daily high of 1.0615 in the wake of the German CPI print, although the trend had been for EUR/USD gains leading up to the release. EUR/USD makes minor gains above the Wednesday high of 1.0607, however more major resistance seen scant until the 50-dma comes into play at 1.0654.
  • EUR/GBP's push to new daily highs puts the cross on course to test 0.8741, the bull trigger at the Oct20 high. Clearance here puts prices at the best levels since early May.

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