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

By Nick Russo

Today, shares of CurrencyShares Euro Trust (NYSE:FXE) have fallen below their 10-day MA of $108.70 on a volume of 608K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, CurrencyShares Euro Trust share prices have been bracketed by a low of $100.46 and a high of $114.81 and are now at $108.39, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of CurrencyShares Euro Trust on January 23rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.16. Since that recommendation, shares of CurrencyShares Euro Trust have risen 4.7%. We continue to monitor FXE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses currencyshares euro trust

Ticker(s): FXE