March Euro Currency a Selling Opportunity on More Price Weakness.

See on the daily bar chart for the March Euro currency that prices last week saw a bearish “key reversal” down, which also hints that a bearish double-top reversal pattern could play out. See, too, at the bottom of the chart that the MACD indicator is in a bearish posture. The Euro bears have gained some downside near-term technical momentum and would gain more by pushing prices below chart support at last week’s low of 1.3625. That would also become a selling opportunity. The downside price objective would be $1.3300, or below. Technical resistance, for which to place a protective buy stop just above, is located at $1.3750.

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