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Shares of CurrencyShares Euro Trust Down on Above Average Volume, Moving Against Trend (FXE)

By Nick Russo

The price of CurrencyShares Euro Trust shares has slipped to $108.16 (a 0.2% change) on heavy trading volume. Today's volume of 315,000 shares tops the average 30-day volume of 314,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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 4.1%. We continue to monitor FXE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of CurrencyShares Euro Trust have traded between a low of $100.46 and a high of $114.81 and are now at $108.16, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Keywords: unusual volume currencyshares euro trust

Ticker(s): FXE