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EUR/USD: back above 1.1000 as oil soars

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current Price: 1.1013 View Live Chart for the EUR/USD The American dollar posted a tepid advance during the first half of the day, but investors decided to re-sell the currency at better levels, sending it into negative territory in the American afternoon all across the board. Soaring oil's prices were behind dollar's weakness, with Brent surpassing $40.00 a barrel and WTI futures flirting with $38.00 a barrel, the highest since January 4th. The common currency found little

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