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Oct 12 - 05:55 AM

EUR/USD - Cheaper Gas Lessens Pressure Weighing EUR/USD

By Jeremy Boulton  —  Oct 12 - 03:55 AM
  • Price of natural gas has fallen and techs suggest deeper drop

  • After breaking 200-DMA Natgas is holding below it

  • Close below $6.4 would pave way for drop to June low at $5.3

  • Price of LNG has halved From Aug's $70.50 peak

  • With SNB's help EUR/USD has stabilized in October

  • It is still wise to stay focused on EUR/USD's downside potential


Source:
Refinitiv IFR Research/Market Commentary

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