Consequently, a non-hedged international investment will experience lower U.S. dollar-denominated returns.
“We see mostly bearish indicators for the Euro. The 20 day Simple Moving Average (SMA) which was previously providing support, is now a resistance level. The 20 day SMA is beneath the 50 day SMA and both are in downward trends. 14 day Relative Strength Index (RSI) is a bearish 38.70,” adds OptionsExpress.
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CurrencyShares Euro Currency Trust