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 are in a firm three-month-old uptrend and have just hit a fresh eight-month high. The bulls have good upside near-term technical momentum and have the solid overall near-term technical advantage. A move above chart resistance at this week’s high of 1.3649 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 1.3500.
