A Little Help from the $USD

It looks like there's a move underway right now that is softening the $USD, which is good for equities and oil.

 The Euro/USD showing a consolidation that may see the Euro move higher and the $USD move lower, helping equities.

 GBP/USD we already see the GBP moving up, thus the dollar moving down recently on this FX chart.

 And here the USD is making an initial move down vs the CHF, we'll have to see if it keeps up.

 Since the Euro is 50% of the weight of the Dollar Index, this positive divergence in the FXE (Euro Trust) would be negative for the dollar and supportive for equities.

 Looking at the inverse, UUP (the Dollar Index Fund Bullish) we see 1 and 5 min negative divergences, confirming the FXE hart above.
(1 min)

(5 min)