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Barchart
Barchart
Jim Wyckoff

The Euro Is Charging Up on U.S. Trade Woes. How Much Higher Can It Go?

European Union Euro

September Euro currency futures (E6U25) present a buying opportunity on more price strength.

See on the daily bar chart for the September Euro currency futures that prices are trending higher and have recently hit a 3.5-year high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bullish posture as the red MACD line is above the blue trigger line and both lines are trending up. The Euro bulls have the solid near-term technical advantage. 

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