March Euro (1.3236)

The rally from last Friday’s lows already looks pretty promising, but we’ll have a clearer idea of how much steam is percolating beneath the surface if and when buyers take on the 1.3364 peak recorded on January 18. My hunch is that, other than the peak, no serious resistance will turn up below 1.3828, the Hidden Pivot midpoint of a Big pattern that goes back to December 4’s 1.2542 low.