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Barchart
Barchart
Jim Wyckoff

An Energy Crisis Has Rocked Europe, but the Euro Could Still Be Worth a Buy Here

June Euro currency futures (E6M26) present a buying opportunity on more price strength.

See on the daily bar chart for June Euro currency futures that prices last Friday hit a five-week high and produced a technically bullish weekly high close. Bulls are also working on a price uptrend on the daily bar chart. See, too, that the moving average convergence divergence (MACD) indicator is in a bullish posture as the blue MACD line is above the red trigger line and both lines are trending up.

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