Will the Dollar Continue To Slide Against the Euro?

Oil:

Spot crude oil prices have fallen below the daily chart’s upward sloping trend line. The price move lower began at the resistance level of $83.05 and is approaching the 20-day moving average line of the Bollinger Bands. Forex and commodity traders may want to enter into the market with this downward momentum at their backs. An entry strategy may be to wait for the price to break the 20-day moving average line and go short, with a price target at the lower Bollinger Band line, near $78.50.