March Euro currency futures a selling opportunity on more price weakness.
See on the daily bar chart for the March Euro currency that prices have backed well down from the recent high and hit a fresh four-week low on Monday as the bulls appear to have become exhausted from their upside push in prices. A move below chart support at Monday’s low of 1.3571 would provide the bears with fresh downside momentum and it would also become a selling opportunity. The downside price objective would be 1.3250, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.3725.
