June Euro currency futures a buying opportunity on more price strength.
See on the daily bar chart for the June Euro currency futures, traded at the Chicago Mercantile Exchange, that prices are in an accelerating uptrend and on Wednesday hit a fresh for-the-move high. The Euro currency bulls have solid upside technical momentum to suggest still more price gains in the near term. A move above chart resistance at this week’s high of 1.3595 would become a fresh buying opportunity. The upside price objective would be 1.3950, or above. Technical support, for which to place a protective sell stop just below, is located at this week’s low of 1.3430.
