Looking at the daily chart of EU we see that it's currently still in a downtrend. the short EMA is touching the long EMA and the price is still way under the 200MA. We can expect a continuation of this downward trend the next weeks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.