Near Term Trend: Bearish / Neutral
As of 2/9/18 close: $46.13
UPDATE: Last week, I suggested buying IEV at $46.97 with stops in place on a close below $46.75 and with a target of $51.87.
European stocks dropped last week right along with US stocks. Like with US stocks, we would expect IEV and European stock proxies to bounce short-term in advance of another cascade lower.
I would short / re-short bounces to $48.53 with stops on a close above $49 and with a downside target of $43.99.