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 are in a downtrend and have just hit a contract low. The “trend is your friend” and the path of least resistance is very likely to remain sideways to lower for at least the near term. A move in prices below chart support at the contract low of 1.2287 would become a selling opportunity. The downside price objective would be 1.1800 or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.2500.
