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The March Euro currency closed down 17 points at 1.1005 yesterday. Prices closed near the session low and hit a contract low. The bears have the solid overall near-term technical advantage amid a five-week-old price downtrend on the daily bar chart. The Euro bulls’ next upside price objective is pushing and closing prices above solid technical resistance at the mid-January high of 1.1212. The next downside price breakout objective for the bears is closing prices below solid chart support at 1.0900. First resistance for the Euro lies at yesterday’s high of 1.1038 and then at Wednesday’s high of 1.1074. Next support is seen at yesterday’s contract low of 1.0989 and then at 1.0950.

To learn how to take advantage of changing prices, up or down, with futures and options, please feel free to contact me directly.

If you don’t already have a futures trading account with Insignia Futures & Options, I invite you to open one today…

Best Wishes,

Joe Fallico

Principal Futures Broker
Series 3 & Series 30 Registered

Phone: 1-847-379-5000 ext. 101
Toll Free: 1-866-892-2030ext. 101

Insignia Futures & Options, Inc.

* Required disclaimer:
There is a risk of loss in futures trading.  Past performance is not necessarily indicative of future results. The use of a stop loss order may not necessarily limit your loss to the intended amount. You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.