We had an earlier update of the EUR/USD pair that showed a negative divergence as it consolidates laterally in a triangle.
It's looking like the pair are about to make good on that divergence as some pressure is building. Remember a move down in the Euro typically leads to a move up in the $USD, this is market negative equities, commodities and sometime PM's depending on the sentiment.
UUP (proxy for the $USD Index intraday) with a 3 min leading positive...
A 10 min leading positive.... For confirmation FXE (proxy for the Euro) should have the exact opposite signal.
5 min FXE/Euro with a strong leading negative divergence since around 1 p.m.
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