• The price of natural gas has risen to its highest since April

• The eurozone is a major importer of gas, while U.S. exports

• At $56 and $61 March highs are not far off Jul's $51.5 peak

• Weak EUR/USD bounce may suggest deeper losses

• Drop below Jun low 1.1325, 100-WMA 1.1305 would be significant

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EURUSD vs Natgas and oil


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)