Brent Crude oil rising sharply when EUR/USD approaching last year's high

Eurozone imports oil while U.S. exports it

Higher oil will lessen the chance Fed cuts rates nL1N3KE09I

Speculation helps lift EUR/USD from 1.0666 on Jun 26 to 1.1201 Aug 26

The 2023 peak at 1.1276 is close 61.8 retrace 2021-2023 drop which is 1.1271

Sustained rise over 1.1271 likely followed by much bigger rise

Should Fed not meet expectations, return to well trodden ranges likely

Gamblers bad track record is good news for USD nL1N3KE07T