December Euro currency futures a buying opportunity on more price strength.
See on the daily bar chart for the December Euro currency futures that prices Friday hit a fresh 10.5-month high. The bulls have solid upside near-term technical momentum to suggest prices can continue to trend sideways to higher in the near term. Prices are in a firm uptrend on the daily chart. A move above chart resistance at Friday’s high of 1.3707 would become a buying opportunity. The upside price objective would be 1.4100 or above. Technical support, for which to place a protective sell stop just below, is located at 1.3550.
