The Euro ETF (FXE) extended its decline this week and broke below its November low. FXE has been under intense selling pressure since the big plunge below 150 two weeks ago. In fact, selling pressure has been so intense that it looks like a medium-term downtrend has started.
Click this chart for details
Click this chart for details
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
Learn More
