Friday’s low at 82.08 fell within 0.08 points of minor Hidden Pivot support that so far appears to be doing its job. The bounce will have to clear 83.51 to look like the beginning of a real turnaround, however, and my hunch is that it will fail. I don’t usually cite “fundamentals,” but in this case European intimations of “austerity” should suffice to put a lid on the dollar, even if it’s “too-big-to-fail” appeal will likely remain as a rationale for more than a mere handful of institutional lemmings.