Trade Of The Day: FXE

11/19/12 08:21PM EST

Today we shorted the CurrencyShares Euro Trust ETF (FXE) at $127.13 a share at 3:12 PM EDT in our Real Time Alerts. We'll continue to short the Euro when our levels and methods say we should; today was a day where we felt comfortable doing so. The Euro remains in bearish TREND formation while the US dollar bullish formation remains in tact.

Trade Of The Day: FXE - image001

© 2018 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.