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,...
Neutral for now, but long-term looks like UK is set to outperform Eurozone
Better to wait for confirmation!
Either way, UK (EWU) is looking somewhat promising as well.
NYSE Arca
