September Euro currency futures a buying opportunity on more price strength.
See on the daily bar chart for the September Euro currency futures that prices are in a steep two-week-old uptrend and on Wednesday hit a five-week high. The bulls have gained good upside near-term technical momentum recently. A move above chart resistance at this week’s high of 1.3259 would become a buying opportunity. The upside price objective would be 1.3500, or above. Technical support, for which to place a protective sell stop just below, is located at 1.3150.
