The Euro Top-100 Index ($EUR) is forming a potentially lower high with bearish momentum. After a bounce in June, the index reversed course this week with an outside reversal well below the April high. MACD moved into negative territory in late May and remains in negative territory.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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