Jan 20, 2021 (Stock Traders Daily via COMTEX) -- The Currencyshares Euro Trust /zigman2/quotes/208198139/composite FXE -0.04% report below can help you, but we have more details too. The trading plans for FXE, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports .
The Technical Summary and Trading Plans for FXE help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this FXE Report.
The technical summary data tells us to buy FXE near 111.81 with an upside target of 114.12. This data also tells us to set a stop loss @ 111.49 to protect against excessive loss in case the stock begins to move against the trade. 111.81 is the first level of support below 113.86 , and by rule, any test of support is a buy signal. In this case, support 111.81 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of FXE as it gets near 114.12 with a downside target of 111.81. We should have a stop loss in place at 114.45though. 114.12 is the first level of resistance above 113.86, and by rule, any test of resistance is a short signal. In this case, if resistance 114.12 is being tested, so a short signal would exist.
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