Eurozone ($EZU) looks sickly! (3/5)

AMEX:EZU   iShares MSCI Eurozone ETF
Conviction: 3/5
Seems to be turning down away from LT (2002) channel resistance. RSI-W also signaling further downside.

Looks like there might be an intermediate-term support around -10% away.

All in all.. may be a better risk:reward trade once it breaks down from the white support line. Either way, the trend looks negative.

If you are interested in Europe, perhaps UK will be a better trade.


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