EUR/USD

I'm not going to read to much in to this as it is an early signal and the EUR/USD hasn't exactly been tracking the market recently, but there are some signs on a 5 min chart that the pair may look to head higher soon, that would be supportive for the market very near term, any further out and there's still a large divergence between the two that is more negative, but this could spell early strength for the FX pair that historically correlates to market strength-again we are talking about very near term.

The point of the break above recent or local resistance that I mentioned as likely to happen early Friday and did happen late Friday is (at least in a head fake situation as this seems to be) to open up demand from retail which also lifts price, it's a perfect set up for a bull trap and allows larger funds to sell in to that increased demand without sending prices lower or sell short. It also sets up a bull trap which becomes a failed move, which becomes a fast and deep reversal move.

I may be getting a bit a had of myself, but Friday's late break above resistance certainly wasn't enough time for smart money to make any significant moves, some extra time and demand helps them, as I always say, "Price is Deceiving, and Friday as I also said, it's a gift for us as well.

We'll see what the underlying trade says if this EUR/USD signal leads to some strength. This doesn't nullify or change any of the earlier analysis from last week or tonight.

3C looking more positive as the pair finds some recent support after a move down.