ECZ10 – December Euro (Last:1.3482)

December Euro (ECZ10) price chart with targetsThe Hidden Pivot target at 1.3373 (erroneously given earlier as 1.3773) shown in the chart looks very promising as a place to attempt bottom-fishing with a tight stop-loss. Accordingly, I’ll recommend bidding 1.3375, stop 1.3368, day order.  Because the futures have trashed the 1.3574 midpoint, we should also view the target as a minimum downside objective for the near-term. _____ UPDATE: Cancel the bid, since the futures are lifting sharply after having gotten no closer to our target than 1.3444. This is quite bullish and implies that your bias should be toward the buy side if you are seeking for trading opportunities.