Near Term Trend: Bearish / Neutral
As of 6/22/18 close: $45.23
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 have been clobbered recently, but managed to bounce a bit late last week. This bounce is coinciding with very short-term weakness in the US Dollar. That is forecasted by yours truly to continue for a brief period of time which should lead to a continued bounce in European stocks.
I would sell a bounce in IEV on a test of 46.85 with stops above 47.14 and with a target of 43.43.