ECM11 – June Euro (Last:1.4328)

The June contract is approaching a somewhat muddy Hidden Pivot support at 1.4187. Although I am not recommending bottom-fishing there because it is equal to an April 19 structural support, we should monitor the bounce thereof — or perhaps lack of one — for signs of power and of exactitude.  A resurgence of strength in the euro would of course diminish the odds that the US dollar has embarked on a major rally.