The Euro is gunning for a very shortable target of 1.4237.  America’s primary exports, namely its currency and its government debt securities, caught a short-lived bid during Tuesday’s market turmoil, a flight to “quality” which didn’t last long.  The Euro mirrored the dollar, and by the end of the day had turned back up and surpassed an important midpoint pivot which, on Monday, had terminated a strong rally with exactly one pip to spare.  That reversal was good for almost 150 pips, but by late Tuesday the midpoint had been surpassed, leaving its sibling D target of 1.4237 as the next objective.  Given that the Europeans probably don’t want their currency too high, for reasons of export competitiveness, traders should welcome any opportunity to short this Hidden Pivot. (Posted by Doug McLagan)  _______ UPDATE (March 22):  The 1.4237 target caught an important high within eight ticks, anticipating today’s nasty drop from 1.4229 to a so-far low of 1.4144.  “Camouflage entry” was very tough to come by, even on the very lesser charts, but officially we did nothing.