Dow Euro Ratio Chart

The Dow Euro Ratio Chart is interesting as it measures the Dow performance v/s the EURUSD or the dollar itself. Foreign investors that invest in the US would gain if the ratio is rising and lose otherwise. It is interesting to see that the ratio chart on a log scale fits channels much better than the Nominal Dow index chart. So for a long term trend reversal a confirmation on this chart would be a good thing. A break of the rising channel would mean that foreign investors that have been buying US assets are not making money anymore.