Remember those currency charts

Today at 10:53 a.m.  I posted "FX/Currencies" you might want to look back at that post if you don't recall the gist of it.

Take a look at the real EUR/USD

This s the EUR/USD currency chart (5 min) and the red arrow is when I posted the currency article linked above, the gist was the Euro was showing positive signs and the dollar negative, you can see now the Euro is moving up against the dollar. There's a market correlation there too, a weak dollar helps the market, so in this case, this is the start of an equity positive environment, although the correlations are not at all what they use to be, they still are way above 50/50. I'm interested in the gold correlation as that used to be strong on a weak dollar until it became a safe haven trade, then it had a tendency toward strength on a strong dollar. I'm not the only one who has recently commented on these changing and deteriorating correlations, but they are something to keep an eye on for future confirmation.

Lets see where the Euro wants to go from here.