Near Term Trend: Bearish / Neutral
As of 4/20/18 close: $47.96
UPDATE: Last week, I suggested shorting at $48.78 with stops on a close above $49 and with a $43.43 target.
Euro stocks basically treaded water on a net basis last week. They may be able to shoot up to $48.78 before hitting a ceiling but theres no hard and fast rule that says they have to get there.
I would still try selling any bounce to $48.78 with stops on a close above $49 and with a downside target of $43.43.