It’s impossible to predict how much more mileage the spinmeisters will get from Spain’s “problem” and the anticipated bailout thereof, but from a technical standpoint the euro still has room to rally. Specifically, the two ‘D’ targets shown should be used as minimum price objectives for the near term.  Camouflageurs can try getting short at either of these Hidden Pivots, but my hunch is that the higher would be the less risky play. _______ UPDATE [June 17, 8:47 p.m. EDT) Sunday’s gap-up opening topped to-the-exact-tick at the 1.2759 target shown. If you shorted there, cover half the position now at around 1.2721 and tie the rest to a 1.2752 atop-loss.  If I hear from any traders in the chat room who did the trade, I’ll establish a tracking position four your further guidance.