December Euro currency futures a selling opportunity on more price weakness.
See on the daily bar chart for the December Euro currency futures that prices have backed way down from the August high, including negating an uptrend line and producing a bearish weekly low close last Friday. The Euro bears have downside near-term technical momentum, and would gain more by pushing prices below chart support at Tuesday’s low of 1.3163. That would also become a selling opportunity. The downside price objective would be 1.2800, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.3300.
