FX

Yesterday in this post from the charts we were looking for early weakness and the Euro to gain strength later after the open and the $USD to lose it. This move in the EUR/USD is definitely a lot bigger than what I expected as far as early weakness, but we still look to be on track for strengthening in the Euro and some weakness in the dollar, the fact that the market isn't down huge on this kind of $USD early strength is amazing, just like yesterday as the market ran against the $USD's strength, that's just not natural.

 EUR/USD under the $1.29 area that has been defended recently at least 5 times, does it go for a 6th?

 Here's a longer look.

 And here's a closer look at the pair this morning starting to lose downside momentum.

 This was the early Euro chart from yesterday that signaled early weakness.


 And the longer charts that signaled it should improve as the day goes on.

The $USD is still in a negative divergence as well suggesting it too see some downside as the day goes on.