Closing In On A Supporting Trendline For The Euro?
Tim Knight | Dec 03, 2014 11:43PM ET
As the euro and yen continue to drop in value it seems that the US dollar is indomitable. Maybe.
All the same, looking at the Rydex CurrencyShares Euro Currency ETF (NYSE:FXE) (the ETF representing the EUR/USD cross-rate), we’re getting awfully close to major support. I confess, I’m not confident enough to put money behind it, particularly with the ECB press conference later today , but I wanted to share this with readers anyway.
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