Related: International ETFs: Currency Story Hasn’t Changed
Extended weakness in the euro and any rebound for the dollar could renew the allure of ETFs such as the Deutsche X-Trackers MSCI Europe Hedged Equity ETF (NYSEArca: DBEU) and the iShares Currency Hedged MSCI EMU ETF (NYSEArca: HEZU).
[related_stories]“The monthly chart allows us to identify rough downward targets based on the large channel we have drawn and also based on Fibonacci-related supports. The earliest big-picture support is near 101.60, but we believe it is more likely that supports near 98.00 and possibly 91.70 could be tested in the third sub-wave of the sequence. Eventually FXE might reach as low as 87.00 to finish the fifth sub-wave, but that is just speculation for now,” according to See It Market.
For more information on hedged options, visit our currency hedged ETFs category.
CurrencyShares Euro Currency Trust (NYSEArca: FXE)
