The chart reproduced alongside yields a worst-case low of 1.2507 for the Euro over the near- to intermediate-term. The downtrend could breach that Hidden Support and go lower, of course, but it seems unlikely that this will occur without a tradable bounce from very near the pivot. That is not an exact number that can be used to bottom-fish with the usual penny-ante stop-loss, by the way, since it comes from coordinates taken from a composite chart. Still, our target should be close enough for government work if we want to bottom-fish with camouflage cover. More immediately, we should be look for ways to get short, presumably at the p midpoints and d targets of minor rallies. If there’s any interest in doing so in the chat room, I’ll put out some “live” numbers in real time.
