September Euro Currency Futures a Buying Opportunity on More Price Strength
See on the daily bar chart the September Euro currency futures that prices had sold off recently but on Thursday made a dramatic upside turnaround to produce a bullish “outside day” up on the daily bar chart, to suggest that a market bottom is in place. A move above chart resistance at Friday’s high of 1.3679 would give the Euro currency bulls better upside momentum and it would also become a buying opportunity. The upside price objective would be 1.3900, or above. Technical support, for which to place a protective sell stop just below, is located at 1.3587.
