Ditch the Dollar and Buy the Euro Now. Here’s Why.

Core Viewpoint - June Euro currency futures are presenting a buying opportunity due to a solid price uptrend and a recent contract high being reached [1][3]. Technical Analysis - Prices for June Euro currency futures hit a contract high of 1.2159, indicating a bullish trend [1][3]. - The MACD indicator shows a bullish posture, with the blue MACD line above the red trigger line and both trending upwards [1]. - A move above the resistance level of 1.2159 would signal a buying opportunity, with an upside price objective of 1.2500 or higher [3]. Fundamental Analysis - President Donald Trump stated that a weak U.S. dollar is beneficial for U.S. businesses, which supports a bullish outlook for the Euro [2]. - The Federal Reserve is anticipated to lower U.S. interest rates this year, which is expected to be bearish for the U.S. dollar and bullish for the Euro [2].