The September contract has gotten close to an important intermediate-term target at 1.5859, a Hidden Pivot support. Traders can bottom-fish there with a stop-loss as tight as six ticks, but we should also be alert for a strong bullish reversal if the futures push above the 1.6051 peak-let shown in the chart without having first achieved 1.5859.  If that occurs, I’d suggest dropping down to the 15-minute chart or less to find a camouflaged entry spot for a trade from the long side. _______ UPDATE (July 4): The futures have lifted off the tarmac but are having trouble getting  loft.  My upside target is 1.6165, forty ticks above the so far high of the rally cycle begun in late May, but it sibling midpoint at 1.6061 appears unable to contain the pullbacks.  The action is mildly bearish and could presage a drop to at least 1.5949, or, if it fails, perhaps even to 1.5773. _______ UPDATE (July 10): Before we all get bored silly, I’m taking this vehicle off the sheets.  Please wake me via an-email if it does anything, since the targets are still valid.