ECZ10 – December Euro (Last:1.3669)

December Euro price chart with targetsThe futures look poised to pop to at least 1.3754, predicated on their success in decisively surmounting a lesser Hidden Pivot resistance, a midpoint at 1.3691.  If they get by the higher number, that would portend still more upside over the near term to as high as 1.3778.  However, even achieving the lesser number will renew the bull trend on the hourly chart, so we should view the action over the next day or two as crucial in determining whether the rally is destined for big things or merely a flash-in-the-pan. _______ UPDATE (9:00 p.m. ET):  The Hidden Pivot target caught the actual high at 1.3785 within 0.0007 points. The futures dove sharply thereafter, erasing the gains from two days and then some.