Bearish Moving Average Cross by CurrencyShares Euro Trust (FXE)
Today, shares of CurrencyShares Euro Trust (NYSE:FXE) have fallen below their 10-day MA of $134.07 on a volume of 353K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
CurrencyShares Euro Trust share prices have moved between a 52-week high of $136.03 and a 52-week low of $125.92 and are now trading 6% above that low price at $133.65 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
SmarTrend is tracking the current trend status for CurrencyShares Euro Trust and will alert subscribers who have FXE in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses currencyshares euro trust