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Ahead of a Likely December Fed Rate Cut, Make This 1 Futures Trade
Yahoo Finance· 2025-12-03 16:15
Core Viewpoint - March Euro currency futures are presenting a buying opportunity due to recent price strength and bullish technical indicators [1][2]. Technical Analysis - The daily bar chart indicates that March Euro currency futures are trending upwards and have formed a bullish double-bottom reversal pattern, suggesting a near-term market bottom [2]. - The MACD indicator is in a bullish posture, with the blue MACD line above the red trigger line, both trending upwards [2]. Fundamental Analysis - Lower U.S. interest rates are bearish for the U.S. dollar and bullish for the Euro currency, contributing to a better risk appetite in the market [3]. Price Levels - A move above the chart resistance at 1.1732 would empower bullish sentiment and create a buying opportunity, with an upside price objective of 1.2000 or higher [4]. - Technical support is identified at 1.1635, where a protective sell stop should be placed just below [4].