September Euro currency futures a selling opportunity on more price weakness.
See on the daily bar chart for the September Euro Currency futures that prices have slumped as the bears have gained fresh downside momentum. A move below solid chart support at last week’s low of 1.2947 would provide the bears with better downside technical momentum and it would also become a fresh selling opportunity. The downside price objective would be 1.2600, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.3100.
