ECB Moves the Euro

I was looking at leading indicators when I saw the Euro shoot up and although I normally wouldn't post a move in the Euro as something of importance, it was a big move and fast...

 The Euro's move on a 5 min chart vs the USD, that's a big move.

 We even have a positive divergence in the Euro not too long before.

Here you can see what the 3C 5 min charts didn't look good with the Euro (red) heading down, the Dollar (not seen) heading up and the SPX in a small bull flag.

However moves like these are rarely just intraday jiggles, I knew something was going on and with the G20 meeting and the main subject on everyone's mind being the race to the bottom in currency devaluation, suddenly the ECB's Weidmann's takes a 180 degree stance to Mario Draghi's Euro imploding speech last week.

• *WEIDMANN SAYS ECB CANNOT SOLVE CRISIS, GOVERNMENTS MUST
• *WEIDMANN: DEVALUATION HISTORICALLY DOESN'T HELP COMPETITIVENESS
• *WEIDMANN: IF MANY NATIONS DEPRESS FX, CAN ONLY END IN FAILURE
• *ECB'S WEIDMANN SAYS EURO ISN'T SERIOUSLY OVERVALUED
• *WEIDMANN WARNS POLICY MAKERS AGAINST TRYING TO WEAKEN THE EURO

Why is Weidmann taking the opposite side of the coin or Euro less than a week later? His fear that a weak Euro leads to sovereign bond yields blowing up and sending the Euro down uncontrollably. Now lets see if Draghi comes out and we have an inter-bank, ECB squabble.