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"Oil Minister Al-Falih has said “We are, in Saudi Arabia, watching the market closely, and if there is a need to take any action to help the market rebalance, then we would, of course in cooperation with OPEC and major non-OPEC exporters.” This is the same talking point the kingdom has been using for some time. It neither acknowledges the need for action, nor...
This trade requires EURUSD to pull back to be able to increase risk-return and place s/l properly. Wait for pullback and bounce off the 1.1200 area for confirmation. Confused Fed and summer time for EU gov's are good combo for EURUSD to test pre-Brexit highs.