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Barchart
Barchart
Jim Wyckoff

Euro Summer Is Over: Sell the Euro Before Prices Head Even Lower

March Euro currency (E6H27) futures present a selling opportunity on more price weakness.

See on the daily bar chart for the March Euro currency futures that prices are trending down and last week hit a 1.5-year low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the blue MACD line is below the red trigger line and both lines are trending down. The bears have the solid near-term technical advantage.

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