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EUR/USD: oil lead favors further EUR gains

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD Current Price: 1.0916 View Live Chart for the EUR/USD Risk aversion was the main market mover last week, with oil prices plummeting to over 12-year lows, ending the week below $30.00 a barrel. As for the EUR, the common currency benefited from its funding-currency condition, although it remained range bound against its American rival, still unable to find a certain direction. The pair advanced up to 1.0984 on Friday, but closed the week almost flat, a few pips below the opening,

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