March Euro currency futures a selling opportunity on more price weakness.

See on the daily bar chart that the Euro currency futures, traded at the Chicago Mercantile Exchange, have backed down from the recent highs and a downtrend line is in place. The bears have gained some fresh downside near-term technical momentum. The bears would gain more downside momentum by pushing prices below chart support at Wednesday’s low of 1.2754. That would also become a selling opportunity in the March Euro currency futures. The downside price objective would be 1.2400, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.2900.

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