Similar setups are seen with EZU and FEZ. EZU touched a new 52-week high on Tuesday, but the fund has not closed above $37 since July 2011. FEZ is just four cents away from its 52-week, but a close above $38 would be the first in over two years. If EZU and FEZ can make new two-year highs and the data remains supportive, the funds could work their way back to their pre-crisis highs in the months ahead.
iShares MSCI EMU ETF
ETF Trends editorial team contributed to this post.