AMEX:FXE   GUGGENHEIM CURRENCYSHARES EURO CURRENCY TRUST
273 0 2
The EuroCurrency ETF is deeply oversold in a new, solid downtrend. The way to structure trades in this market is to wait for a rally back toward the low-risk RESISTANCE AREA marked on the chart from from 140-145. Enter shorts starting at 138, 138.50, 139, 139.50 and use a 143 stop initially. Once 136 is violated then reduce stops to 141. The fundamental backdrop of the European Banking System tells of dramatic over-leverage and inadequate equity capital underpinning its loans and that suggests that it is wise to move funds out of the currency of the region. Look for a continued, long term downtrend in the Euro             and sell short the FXE             when risk:reward is appropriate.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out