djflowmaster
Short

EURUSD Macro Look - looks to continue downtrend

FX:EURUSD   Euro / U.S. Dollar
The Euro             looks bearish here along with oil             . It has been in a macro downtrend or downward parallel channel since 7/08' which only accelerated the downtrend in 9/14' with the accompanying rising dollar and falling oil             prices which the rising dollar is inverse with most currencies and oil             . Right now.......the Euro             is consolidating along w/ Oil             & USD. When USD starts rising again and continuing its uptrend........both Euro             and Oil             will continue their downtrend. Euro             is showing a macro bear flag here w/ tgts. around .90. As always.......watch volume for confirmation.
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