March Euro (1.2620)

9139This trade caught my eye a few minutes too late to offer as a night-owl special, but I am proferring the chart nonetheless so that you can see how succulent a pattern the euro is capable of creating for scalpers. The key to its appeal is the point ‘B’ low that has surpassed the two scrunched-up lows to the left. A bounce from the 1.2612 target remains speculative at the moment, and if such a fine pivot were to fail, we would infer that further weakness is likely, perhaps spilling into Friday.