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Barchart
Barchart
Jim Wyckoff

A US-China Trade War Is Bullish for Euro Currency Futures. Here Are the Levels to Watch Before You Buy.

Euro United States

June Euro currency futures (E6M25) present a buying opportunity on more price strength. 

See on the daily bar chart for the June Euro currency futures that prices are trending higher and this week took a pause, which is not bearish. See also that the two shorter-term moving averages I follow (9- and 18-day) are in a bullish posture as the red 9-day is above the blue 18-day and both lines are trending up. The Euro currency bulls have the firm overall near-term technical advantage.

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