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Bullish Moving Average Cross by CurrencyShares Euro Trust (FXE)

By Amy Schwartz

Today, shares of CurrencyShares Euro Trust (NYSE:FXE) have advanced above their 10-day MA of $135.78 on a volume of 106K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of CurrencyShares Euro Trust have traded between a low of $126.30 and a high of $137.00 and are now at $136.76, which is 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-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

Ticker(s): FXE