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Barchart
Barchart
Jim Wyckoff

Today’s Trade: Sell Euro Currency Futures as the Dollar Heats Up on China Tariff Relief

Euro United States

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 are trending lower and early this week hit a four-week low. See, too, that the shorter-term moving averages I follow (9- and 18-day) are in a bearish posture as the red 9-day is below the green 18-day and both lines are trending down.

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