Inside technicals and chart patterns by 
There’s a lot to think here but it all works together and that’s the way the forex market works.
I am going to look at current levels in crude oil using the USO symbol, intraday support int the fiber, and what this all means to the safe haven play in the dollar.
The intraday EUR/USD has reached and bounced off a 30 minute forecast region.
The supprt on the 30 minute chart sits between 1.2730 and 1.2710. The channel down pattern is a trending pattern so the forecast/support cannot be taken as a reversal but rather jsut a bounce. An intraday reversal would come if prices can get north of 1.2865.
The USO (United States Oil Fund) is hovering just above support which is waiting between 25.18 and 22.93.
If oil begins to attract buyers at this low price, if traders feel it is “oversold” this will all culminated toa rally back at the key $40 decade level. In turn it will put pressure on the dollar. While the dolllar might be enjoying safe haven status, it’s looking awfully tippy up here above 86.00 and has not been able to get footing above 86.50, a major psychologicla level.
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