EURO/FXE UPDATE

Since this tends to be one of the most influential movers of the market, we should take a look at the Euro via FxE the Euro Trust.

 FXE 1 min -confirmation on the open with an early negative divergence and FXE has been sliding since. Just recently there's a 1 min positive divergence , that move is playing out now.


 FXE 1 min went negative today and then quickly leading negative, the recent positive divergence can be seen here too.

 The 5 min chart has been leading negative, in to higher prices today I highlighted just today's 3C underlying action.

Also the 15 min chart put in a big leading negative divergence-again I only highlighted today's action.

 The longer term trend 30 min chart is actually a bit leading negative, but the relative negative divergence is plain to see.

Here's the longer term 60 min in a leading negative divergence that is close to making new lows while price is near new highs for the consolidation. This is a pretty extreme negative divergence.