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Barchart
Barchart
Jim Wyckoff

The Bears Are in Control of the Euro. Make This 1 Trade Here Now.

March Euro currency (E6H26) 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 this week hit a three-month 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 has just crossed below the red trigger line. The bears have the near-term technical advantage.

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