EURUSD and Oil

by Ashraf Laidi

Mar 26, 2009 13:17

While the positive correlation between EURUSD and oil is well documented the time lag between the two merits scrutiny as it has turned consistent in favour of the euro over the past 16 months. The chart shows that bottoms in EURUSD have led bottoms in oil prices and so have peaks in the exchange rate and oil. Considering $1.33 to likely hold into mid April, this will likely boost oil into $55. The major downside for the euro is for the repetitive failure to breach above $1.3740 to transition into a new wave of selling into $1.3245 and $1.31 inn which case may trigger $47 per barrel.

More Hot-Charts

• Gold & Nasdaq100

  Sep 28, 2026 10:32 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group...
• 

  Gold & GoldBugs

  Sep 24, 2026 11:51 | by Ashraf Laidi
  If the inverse relation between gold and goldbugs index explained repeatedly in previous videos such as here  and here continues to work, then watching the 4230 level is as important as...

• Nasdaq Part 2

  Sep 24, 2026 9:44 | by Ashraf Laidi
  Now that Nasdaq has fallen following yesterday's post, will it extend declines to 30000. What do you think of this fractal.