As indicated last week it was very likely to be a fit in the EURUSD FOREX market allowing the Euro to regain ground and this adjustment allowed the Euro move up to 1.4900, rebounding and closing one in the 1 , 4793.
The dollar has gained nearly 8% against the Euro since its peak at 1.6038, while oil has fallen nearly 22% from 147 a barrel to close at 114 a barrel.
Fundamental Analysis
The correlation between oil and the dollar has once again shaken the market. It was found on Thursday as the oil strongly advance the Euro did the same climbing to 1.4900. Within the week, listening to Fed Chairman Ben S. Bernanke, we see that we are entering uncertain ground, noting that inflationary expectations are uncertain. Dollar steady with a fall in prices of products (commodities) reduce inflationary pressure in the United States certainly, but no one can guarantee this trend ...
U.S. economic indicators show no significant improvement, and can be seen that indicators of home sales in the United States remains at an unsatisfactory area (note that if this indicator shows improvement would be an indicator that the recession in the United States has been completed and would enter a new stage completely).
The Euro zone economic indicators and the forecasts show a weak economy, therefore we can say that economic expectations in the euro area remain the same as last week.
Technical Analysis
As noted earlier, it was quite possible that a market adjustment FOREX EUR / USD, and we see how the Euro breaks the line acceleration. Now, the Euro price will be facing the main trend line (brown) and the outcome of this clash should indicate the direction of the Euro. 
Our technical indicators, which are not very useful when the price is trending, but we always recommend looking at them, have left us that the oversold area paving the way for a new low. As shown in the figure above, we can see the stochastic indicator, and positively sloped away from the oversold area.
For fundamental analysis we can see a degree of uncertainty, which surely should resolve with inflation indicators in the U.S. and the eurozone, and especially with the results of the employment situation of the United States the first Friday in September. While our technical analysis indicates that the Euro should face the main trend line. If you can not cross recommend going short.
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