December Euro Currency Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for December Euro currency futures that prices are in a six-week-old downtrend and the bears have the firm near-term technical advantage. A move in prices below solid chart support at the recent low of 1.3343 would give the bears fresh downside momentum and it would also become a selling opportunity. The downside price objective would be 1.3100, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.34