March Euro currency futures a selling opportunity on more price weakness.
See on the daily bar chart for the March Euro currency futures that prices have sold off sharply recently and on Monday hit a fresh six-week low. The bears have quickly gained downside near-term technical momentum to carry prices lower. A move below chart support at Monday’s low of 1.3444 would become a selling opportunity. The downside price objective would be 1.3000, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.3600.
