Oil has had trouble above $73 in recent months but we’ve just broken up to $73.68. $75.00 is next resistance, the top put in place in late-August. Oil has been a laggard during the recent commodities rally and its participation in a renewed commodities rally would spell even further trouble for the dollar.
EUR/USD is breaking higher in the back of the oil jump, now at 1.4785. 1.4815/20 is next resistance.