The Euro will encounter overhead resistance in the $1.31 area due to a Hidden Pivot and a prominent prior high which are close together.  Beginning in late November of 2009, the Euro trended down for at least six months, losing more than 21% of its U.S. dollar value.  But since its June 7 low of just under $1.19, the Euro has been in an important uptrend.  If it can trade through a Hidden Pivot at 1.3092 and past an eye-catching prior high at 1.3101, the June 7 low will start to look like a major trend change.  On the other hand, the “D” target of 1.3092 might be the ideal place for Euro bears to front-run other like-minded traders focused on the prior high just above it.  (Posted by Doug McLagan)