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Euro Currency Bulls Work to Forge Market Bottom

August 24, 2018 by Jim Wyckoff

The Euro currency futures market has rebounded from its recent more-than-one-year low. There are some very chart clues that a market bottom is in place. See at the bottom of the chart that the Moving Average Convergence Divergence (MACD) indicator has just produced a bullish line crossover signal. However, the Euro bulls have more work to do to better suggest the market has bottomed out. Price action the next few sessions will go a long way in determining if the Euro has indeed put in a market low. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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