Someone in the chat room mentioned the “possibility” (per Bloomberg) of the euro dropping to 1.380, so I thought I’d have a look myself, lest the useless notion of the merely possible gain traction among subscribers. Anything is possible, of course, but from a Hidden Pivot perspective the euro looks like a 3-to-2 bet to noodle around for the next week or two.  If the euro does fall anew relative to the dollar, however,  a tradable low at or near 1.4020 would not be unthinkable, provided its midpoint sibling at 1.4299 gets breached hard.  But the larger downtrend from early December’s high appears to have chickened out  just shy of a supportive low  at 1.4200 recorded in September 2009.  This suggests that although the bear market has further to go, it will need more time in distribution before the next big leg down.