German Mar current account surplus at EUR 32.4 bln is 4th biggest on record

As energy prices have slumped c/a has swung hugely nL1N3790JE

Surplus just 0.5 bln in Aug 2022

Turn has supported a EUR/USD rise since September when traders were short

Growth of surplus will help support EUR/USD now traders are long

Weight of longs is significant and a rapid rise isn't likely

It's more likely that ranges rise from 1.05-10 towards 1.07-12 nL1N3790CK