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 Channel ABC and D

  Jan 8, 2026 16:27 | 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 - -...
• 

  EURUSD Next

  Jan 5, 2026 17:09 | by Ashraf Laidi
  If EURUSD holds Monday above 1.17, it will show a hammer candle, supported above the 100-day moving average.

• Gold Next Move

  Dec 26, 2025 15:32 | by Ashraf Laidi
  Will send detailed note on latest parameters to our WhatsApp Bdcst Group - سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات -   ..