Apr 5, 2014 | EURUSD - The Wave Before Going Over The Waterfall?

Could this be the bumpy wave that comes just before the "Sell in may and Go away" fall? Monthly price action suggests that we could be entering a new downtrend after hitting around the 1.3964 area which may or may not continue past price: 1.30. Opposite correlations such as the Dollar Index seem to be pointing moderately upwards, while the Dow Jones (which is a positive EU correlation) seems to be following the bearish sentiment that the EURO is outputting. Trade carefully and be alert for the 'lone bull' and the cliche for May! :D