Near Term Trend: Bearish / Neutral
As of 6/15/18 close: $46.85
UPDATE: Last week, I suggested shorting at $47.40 with stops on a close above $47.75 and with a $43.43 target.
Euro stocks are still in the middle of No-Mans Land right now. The fact theyre not nearing new highs while the US is breaking out daily is a cautionary piece of evidence. ECBs reluctance to raise rates last week or even talk hawkish makes one wonder why.
I would short bounces to $47.40 with stops above $47.75 and with a downside target of $43.43.