June Euro currency futures a buying opportunity on more price strength.

See on the daily bar chart for the June Euro currency futures that recent price action has formed a bullish pennant pattern, which technical odds suggest will produce an upside “breakout” from the pattern. A move above chart resistance at 1.3864 would become a buying opportunity. The upside price objective would be 1.4000 or above. Technical support, for which to place a protective sell stop just below, is located at 1.3800.