The euro’s dead-cat bounce may be near an end, given that the Dollar Index is approaching a Hidden Pivot support at 79.75 (or 79.12 if any lower) that looks likely to produce a strong bounce. The relevant pattern is shown in the chart, and I’d encouraged traders to leverage it with any vehicle that correlates to an uptrending dollar. Note that if DXY breaches the first target, a second not far below it would be in play.
