The MSCI EMU Growth Index consists of a sample of representative companies which show the growth of stocks within the Euro zone countries. Following the exit out of the top of a consolidation phase in the form of a «rectangle» in place for almost a year, this Index presents, in the medium term, a bullish trend as evidenced by the orientation of the 100-day moving average and the registration of ascending peaks. .....

Day By Day – Indipendent Research

Anticipation  :
More recently, the Index has exited by the upper threshold of a rectangle (accumulation phase) between the support at 74.80, and
the former resistance, which becomes a support at 77, corresponding to the trough of July 2008. Prices are now drawing a pull-
back to the pattern, a scenario that calls for a continuation of the bullish dynamic.
We are positive in the short-term, and considering the rallying towards the resistance at 81.61, with an intermediate target at 79.65.
We set the invalidation threshold for this positive opinion slightly below the support at 77.

* A leverage of 1 means that the ETF/Tracker has the same performance as the underlying index. A leverage of 2 indicates that the ETF/Tracker will have twice the performance of the underlying index. A leverage of -1 indicates that the ETF/Tracker will perform opposite that of the index: it will rise while the index falls, and vice versa.

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Source: ETFWorld – Day By Day – Indipendent Research