An examination of the intraday Euro chart reveals that the alternate “A” point mentioned in yesterday’s tout is actually the better of the two, due to a large and exact bounce off of its associated midpoint pivot.  In evening trading a small bearish impulse wave has occurred, and we should watch for this to evolve into a pattern which might allow us to buy the Euro not far above the “C” point of our larger pattern.  That “C” point of 1.3639 must be left untouched for our plan to remain viable.  The “D” target is now 1.3906, far enough away that we can probably leave the question of shorting it for another day.  But if we can get long somewhere above 1.3639, that “D” target is where we’d like the trade to take us.  (Posted by Doug McLagan)