Having precisely reached a Hidden Pivot target at 1.3674 noted here earlier, the futures pulled back and are presumed headed for a second, more important one, at 1.3789.  Note that there is yet another at 1.3670 — the midpoint of the pattern shown in the chart — and that it was exceeded Tuesday by 29 ticks.  That implies more strength over the near-term, so traders should continue to play this vehicle from the long side as advised earlier. _______ UPDATE (January 30): Friday’s reversal has created a bearish impulse leg on the intraday charts, so no more bullish bets for now. The fact that the high occurred without quite having reached 1.3789 implies that this could be the beginning of a serious decline. _______ FURTHER UPDATE (Feb 1, 12:07 p.m. EST):  The futures got second wind and hit a high so far today of 1.3798.  This rally was anticipated elsewhere in the touts section a couple of days ago, in a bearish forecast for the Dollar Index.