Oil, EUR/USD forecast: Two trades to watch
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Forexcom
Monday, October 12, 2026 at 09:50 AM UTC

Oil, EUR/USD forecast: Two trades to watch

Currency Pairs:💱 EUR-USD

On the one hand, the Russia-Ukraine energy ceasefire and the prospect of additional Russian diesel supplies are giving sellers reason to be optimistic. However, increased attacks around the Strait of Hormuz and strikes on Saudi Arabia are keeping oil prices supported.

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Oil, EUR/USD forecast: Two trades to watch