Forex Trading: EURUSD moves sharply lower. Oil moves lower as well.

The 1.5483 support and then the 1.5460 level gave way and the EURUSD moved sharply to the 1.5425 level. 

Meanwhile, (or perhaps in tandem) crude oil is being sold as reports in the market are saying that OPEC is cutting their demand forecast for oil as a result of lower global growth.   

One of the correlated trades until recently was the oil versus the dollar.  For a long while as the dollar sold off, oil rallied (and visa versa).  That held until last month when oil rose and the dollar got stronger at the same time. 

Now that oil is under pressure, the dollar is getting stronger.  So perhaps the correlation is back - for the time being at least.   We will be watching to see if the oil continues it decline (it would be nice) and if it does, what does the dollar do in reaction to it?