We shouldn’t let our personal reaction to all of the lies and folly emanating from Europe color our outlook for the euro. What matters most, at least for the moment, is perceptions of the bailout, notwithstanding the fact that everyone “knows” there is not a chance in a hundred that it will work. From a purely technical standpoint, the euro signaled blithe acceptance of whatever deal is forthcoming on Greece when it impulsed bullishly  above a 1.3224 peak  on Monday. The subsequent correction was vicious, but it left a target at 1.3331 that lies well above these levels.  The relevant rally pattern is shown in the accompanying chart, and it’ll be a lock if and when the futures push decisively above the 1.3179 midpoint resistance.  Click here to learn how to do this kind of analysis competently yourself.  Isn’t it time you kissed your guru goodbye?