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Closing In On A Supporting Trendline For The Euro?

Published 12/03/2014, 11:43 PM
Updated 07/09/2023, 06:31 AM
EUR/USD
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USD/JPY
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DX
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FXE
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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.

FXE Chart

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