March Euro currency (E6H26) futures present a buying opportunity on more price strength. See on the daily bar chart for the March Euro currency that prices are trending higher and this week hit a 2.5-month high. The bulls have the near-term technical advantage as “the trend is their friend.” More News from Barchart Fundamentally, a lukewarm U.S. economy and the recent Federal Reserve interest rate cut are bearish for the U.S. dollar and bullish for the Euro. The European Central Bank has remained more ...

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].

Group 1 - The March Euro currency futures are showing a downward trend, indicating a selling opportunity due to bearish technical advantages [1][2] - The Federal Reserve's hawkish stance on U.S. monetary policy is bullish for the U.S. dollar and bearish for the Euro, compounded by budget concerns in the European Union and political issues in France [2] - A breach of the November low support level at 1.1545 in March Euro currency futures would empower bears and present a selling opportunity, with a downside target of 1.1200 [3] Group 2 - Technical resistance for protective buy stops is identified at 1.1700, indicating a strategic point for traders [3]