If you entertain bullish views, check out the Rydex CurrencyShares Japanese Yen (FXY) and the CurrencyShares Euro Trust (FXE).

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The MACD -His peaked as the LS (left shoulder) was forming, and made lower highs as FXE was peaking in 2011.

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The weekly chart shows that FXE formed a continuation pattern early in 2012, as the break of support (line b) signaled another wave of selling.

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The Europe ETF (NYSE:FXE) is very interesting right now.

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You can track it via the FXE ETF.

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