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EUR/USD: oil continues to lead the way

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current Price: 1.1242 View Live Chart for the EUR/USD The EUR/USD is back on its bullish track this Tuesday, with oil prices coming under pressure, as WTI futures seem unable to rally beyond $30.00 a barrel. The common currency suffered a short lived set back early Europe, following worse than expected German data. In the country, German trade balance for December resulted with a surplus of €18.8B against expectations of €20.2B, while imports and exports decline by 1.6% each.

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