USD Euro Currency Futures Tues. Technical Update 3/2/10
Posted by: Richard Estrada // Category: Euro USD Futures
The March 2010 Euro USD Currency Futures contract pierced a significant cycle low (1.3442), falling to 1.3433 and then reversed over 150 ticks to 1.3599. The 5-minute chart of the Euro USD futures shows that after touching 1.3433 that the bulls haven’t looked back. The question now is will wee see a short-term pause somewhere near today’s area of concentrated volume (green rectangle), before this market continues its’ upward march? Or will we see the bears once again crush this rally pushing the Euro USD futures back to where we started the day?
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Tags: Euro Currency futures, Euro Futures, Euro USD