A Bearish Trend In The FXE, But A Bounce Looks Likely

I rate Invesco Euro Currency Trust a Buy in September 2026, advocating a contrarian long position with a tight stop near $104.60. FXE offers attractive risk-reward, with resistance at $111.53 and support at $104.60, amid heightened U.S. policy and geopolitical risks. Despite a bearish euro trend, U.S. debt, political uncertainty, and global tensions could drive a near-term rebound in EUR/USD.