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CurrencyShares Euro Trust Crosses Below its 10-day MA (FXE)

By David Diaz

Today, shares of CurrencyShares Euro Trust (NYSE:FXE) have crossed bearishly below their 10-day moving average of $109.28 on a volume of 140K 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 $114.81 and a 52-week low of $103.36 and are now trading 5% above that low price at $108.74 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% 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