The euro’s doomed rally has generated plenty of hubris, but on the weekly chart, as you can see for yourself, in Hidden Pivot terms it’s still just a pisher. In fact, the surge would need to hit 1.43 (!) to turn the weekly chart bullish (see inset), although a print exceeding the 1.3115 ‘external’ peak would at least command our attention. Even then, if the futures need to pull back in ‘b-c’ fashion to get a running start on 1.3115, that would be reason to infer that the rally begun in late July from 1.20 is not destined for greatness.
