EUR Inverse price correlation analysis with SPX500

27 Oca 2022

It seems that EUR to USD has inverse correlation to SPX500 on the Week chart. Starting back in 2008, SPX 500 consistently recovered stronger that the EURO .
If SPX continues to recover, EUR USD pair will probably go lower, back to 2018 lows.

27 Oca 2022

Not

You can see the comparison on this shot paste.pics/FSN9D, I was not able to make the 2 charts get into the same view, as price difference is too high, of course, and with log view it was too small to see the EUR USD chart aswell. So had to do a little of collage work to clearly picture it out.