Euro on the run again, but something interesting to note

I know zero about Slovakian politics, in the US, parties get voted out of office, we don't have coalition governments that get dissolved over disagreements. However, this seems to be the path Slovakia is headed down, the "Nays" it seems will be forced out of the coalition government to get the EFSF passed as it was in Malta last night. As I mentioned yesterday, it's a small country and susceptible to bribes and "OTHER" things, in this case, such as VOTE the way you are expected, or lose your place in the ruling coalition.

The Euro has gained some momentum from this latest development, very interesting this whole process.

Here's an interesting little divergence I picked up on.

 This is yesterday's multi year record breaking Euro rally, followed by some caution over Slovakia, and a resumption of the move upward on news of the possible dissolution of the coalition government in order to pass the EFSF.

 Here's a closer look since the market opened at 9:30 EDT today.

Here's the SPY is in green, the Euro in red (click on the chart for a larger view). First both the SPY and Euro make new highs, then the Euro makes another new high (yellow), but the SPY fails to follow, both pullback and the Euro makes a brand new high, the SPY is lagging considerably.

The market and the Euro are like two peas in a pod, the track each other pretty well usually, thus I found this to be of slight interest.