Euro

The market is clearly benefitting from a stronger Euro and weaker dollar, earlier I pointed out the Euro seems to be tying to get a foothold after a pretty strong/fast sell-off this morning.

 1 min 3C FXE (Euro Trust)

 5 min UUP (Dollar Index)

In white, the FXE/green the SPY. Note the correlation between the two represented by the red trendlines.