All we have seen how the dollar and oil have maintained their correlation. Oil retreating more than 20% from its peak, and the stronger dollar is 10% from its low against the EUR.
Fundamental Analysis
Indicators U.S. economy still giving mixed values \u200b\u200band the results are significant negative indicators such as housing which was a minimum of 17 years, making us think that the cause of the economic crisis in America is not completely overcome. On the other hand, the Euro zone continues to display indicators in the United Kingdom joining RED bordering a recessionary situation. More than one view, the fact is that the housing crisis is already in Europe.
Low oil
provides a certain margin of maneuver for the European Bank to lower the rate.
Therefore, by maintaining a critical analysis of the dollar recovery against the Euro. Therefore, in the FOREX Market EUR / USD recommend going short.
Technical Analysis
The Euro has been falling faster, better, keeping meteoric consecutive 5-week low. We see in the chart analysis of the Euro the price is within a line of downward acceleration. And there may be an adjustment to the trend line to the main floor.
All technical indicators show on sale, but the technical indicators are not very reliable when the price is trending as in our case, we think are signs that can produce a setting.
Anyway the forecast remains go short on the market FOREX EUR / USD
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