The dollar’s fall in the face of trans-Europe’s austerity pledge has been a no-brainer so far, but how far will it go? Judging from yesterday’s price action, the answer is: much lower.  Doug McLagan hung out a bearish target at 80.98 here a couple of weeks ago, and DXY got there yesterday with a steep plunge. But it went lower still, and the intraday low of 80.79 hints of more ferocious selling to come. If so, a Hidden Pivot at 79.27 makes a logical target, since it’s based, simply, on a higher point ‘A’ (see chart) and the same beautiful B-C.  Alternatively, it would take an upthrust exceeding 82.38 by Wednesday to turn the hourly chart around.