EUO Technical Analysis & ETF Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

ProShares UltraShort Euro (EUO) Moving Averages Convergence Divergence (MACD) indicator is -0.18, suggesting EUO is Strong sell.

ProShares UltraShort Euro (EUO) 20-Day simple moving average is 29.28, while ProShares UltraShort Euro (EUO) share price is $28.22, making it Sell.

ProShares UltraShort Euro (EUO) 60-Day simple moving average is 28.79, while ProShares UltraShort Euro (EUO) share price is $28.22, making it Sell.

Technical Analysis for EUO

Technical Sentiment Analysis for ProShares UltraShort Euro (EUO). As of 2026-04-16, ProShares UltraShort Euro (EUO) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 2 indicators are flashing buy, while 10 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for EUO stands at 37.81, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.18, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 24.57 and the Commodity Channel Index (CCI) at -115.37 further confirm a -0.98 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, EUO is trading above its 60-day moving average of $28.79 and above its 200-day long-term moving average of $28.55. Key price levels to watch include the immediate resistance at $30.02 and strong support at $27.89. A break above $30.02 could signal a bull continuation, while falling below $27.89 may test the next Fibonacci floor at $26.8.

ProShares UltraShort Euro (EUO) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	25.75	26.8	27.89	28.94	30.02	31.07	32.16
Fibonacci	26.8	27.62	28.12	28.94	29.75	30.26	31.07

ProShares UltraShort Euro (EUO) Technical Indicators

2026-04-16

Name	Value
Relative Strength Index (RSI)	37.81
Stochastic Oscillator	24.57
Stochastic RSI	27.49
Commodity Channel Index (CCI)	-115.37
Awesome Oscillator	-0.86
Momentum	-0.98
MACD	-0.18

ProShares UltraShort Euro (EUO) Relative Strength Index (RSI) is 37.81, creating a Neutral signal.

ProShares UltraShort Euro (EUO) Stochastic Oscillator is 24.57, creating a Neutral signal.

ProShares UltraShort Euro (EUO) Stochastic RSI is 27.49, creating a Neutral signal.

ProShares UltraShort Euro (EUO) Commodity Channel Index (CCI) is -115.37, creating a Buy signal.

ProShares UltraShort Euro (EUO) Awesome Oscillator is -0.86, creating a Sell signal.

ProShares UltraShort Euro (EUO) Momentum is -0.98, creating a Sell signal.

ProShares UltraShort Euro (EUO) MACD is -0.18, creating a Sell signal.

ProShares UltraShort Euro (EUO) Moving Average

2026-04-16

Period	Simple	Signal
5-Day	28.52	Sell
10-Day	28.98	Sell
20-Day	29.28	Sell
60-Day	28.79	Sell
200-Day	28.55	Sell
250-Day	28.68	Sell

ProShares UltraShort Euro (EUO) 5-Day simple moving average is 28.52, while ProShares UltraShort Euro (EUO) share price is $28.22, making it Sell.

ProShares UltraShort Euro (EUO) 10-Day simple moving average is 28.98, while ProShares UltraShort Euro (EUO) share price is $28.22, making it Sell.

ProShares UltraShort Euro (EUO) 20-Day simple moving average is 29.28, while ProShares UltraShort Euro (EUO) share price is $28.22, making it Sell.

ProShares UltraShort Euro (EUO) 60-Day simple moving average is 28.79, while ProShares UltraShort Euro (EUO) share price is $28.22, making it Sell.

ProShares UltraShort Euro (EUO) 200-Day simple moving average is 28.55, while ProShares UltraShort Euro (EUO) share price is $28.22, making it Sell.

ProShares UltraShort Euro (EUO) 250-Day simple moving average is 28.68, while ProShares UltraShort Euro (EUO) share price is $28.22, making it Sell.