The 9 Most Interesting Stock Charts to Watch Right Now
iShares MSCI Europe Financials ETF (EUFN)
Click to EnlargeAlong that same line, the iShares MSCI Europe Financials ETF (EUFN) stock chart is also exhibiting defined support ($24.50) and resistance ($26.10) points.
This is a fairly obscure ETF, but it matters. EUFN was ground zero for the European crisis in 2011 and 2012, and its recovery in 2013 accompanied the rebound in Europe’s economy from recession to modest growth. EUFN’s price action around these key levels will be an important signal of whether Europe is indeed back on track, or whether the recent decline in the region’s inflation portends something more ominous.