September Euro currency futures (E6U25) present a selling opportunity on more price weakness.
See on the daily bar chart for the September Euro currency futures that prices have backed down from the July high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the red MACD line has just crossed below the blue trigger line and both lines are trending down. It’s also my bias that the U.S. dollar index ($DXY) has put in a price bottom, which is bearish for the Euro currency.
