EUR bulls waiting for above 1.2358 levels - FXStreet

FXStreet (Barcelona) - FXStreet Analyst and Editor, Omkar Godbole notes that EUR bulls are likely to wait for 1.24 levels before entering the EUR/USD trade.

Key Quotes

“The EUR bulls are likely to wait on the sidelines till the pair trades above 1.24 levels. A daily close above 1.24 levels is likely to push the daily RSI above 50.00 levels, thereby opening doors for a re-test of 1.2490 levels.”

Oil dropped overnight to lowest levels since 2009 – Danske

The Danske Bank Research Team notes that oil prices continued its decline, as overnight Brent fell below USD 66/bbl, weighing down commodity currencies.
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