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 on Monday hit a fresh contract low and the bears have good downside momentum. A move in prices below solid technical support at 1.2500 would become a selling opportunity. The downside price objective would be 1.2100 or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.2700.
