ECM12 – June Euro (Last:1.2378)

It looks like the dam is about to break, sending the June euro plummeting to the 1.1946 target of the pattern shown.  The good news — for Europe, anyway, although perhaps not for long — is that a period of respite seems likely, given the prospect of a rebound in the currency.  It’s difficult to imagine what sort of headlines will drive the presumptive dead-cat bounce, although one suspects that it will not cause Greeks to dance in the streets.  Calling the turns confidently while dramatically reducing the risk of trading are easier than you might think.  Want to learn how? Click here for information concerning the upcoming Hidden Pivot Webinar on June 6-7.