The CONJUNCTIVE relationship between the EURO(FX) and the DOW is now DISJUNCTIVE. If the theory is that QE is inevitable then that in itself calls for a higher EURO(FX) and a lower DOW, as evidenced by recent price action. The CONJUNCTIVE relationship was established by the fact that the EURO(FX) initiated an UPTREND SEP 13 AT 1.2876 and is +503 and the DOW initiated an UPTREND SEP 03 at 10447 and is +300.
But that relationship is at an end as of today and should be relfected in future price action. Another interesting point is that both have extremely high STOCHASTICS but the fundamentals indicate that the potential reverse as a result of such high levels is more likely for the DOW.