it used to be almost exact inverse, especially spring/summer 2008 but lately it seems oil and gold balanced in eur/usd terms and keep doing their supply/demand thing while we are playing 'the weakest link' i.e. will eurozone fall apart or us run out of non-fed treasury buyers first
btw we may have bottomed here for tonight, s'hai opened up 1% which seems to help eur recently but not ruling out a stophunt below 1.43 either, closed my shorts anyways
odd I did not know shanghai drove dollar index and ES is lower than it closed based on rest of Asia heading down.
In addition look at my post in regards to 4 hour chart.
Why would you think that pros are trying to stop hunt under 1,43000. They are net short.The prevailing trend is down. It is only the retail traders trying to pick bottoms that are long and 90% of them do not even use stops or will remove them as the trade does not work their way.
right now based on volumes there is no buying interest on eu yet , even off the 1.4300 zone. There was what might have been buyoing on the rapid move down earlier but price is now under that level 1.4330.
to determine if euro is basing or not we need to have a session like London with some decent volume in it.
I do not use gartly ,, gann or much else other than simple price action , candles and volume and the relationship between them .
Blogging daily now at www.volume.zone
,, ha 
mal
