Make This 1 Trade Now After Jackson Hole

Make This 1 Trade Now After Jackson Hole

Mon, August 31, 2026 at 4:58 PM GMT+3 2 min read

• DX-Y.NYB +0.23%
• EUR=X +0.22%

December Euro currency (E6Z26) futures present a selling opportunity on more price weakness.

See on the daily bar chart for the December Euro currency futures that last week's price action negated a price uptrend and prices on Friday closed at a technically bearish weekly low close. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator has just produced a bearish line crossover signal, whereby the blue MACD line crossed below the red trigger line. The Euro currency bears have momentum on their side.

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Fundamentally, Friday's speech in Jackson Hole by Federal Reserve Kevin Warsh leaned hawkish, which rallied the U.S. dollar index ($DXY) and sunk the other currencies. Meantime, the U.S. economy has generally fared better than the Euro zone's economy over the past few months.

A move in the December Euro currency below chart support at 1.1600 would become a selling opportunity. The downside price objective would be 1.1300 or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.1725.

IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature.

Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%):

Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.

On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com