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Watching FXI at the 50 day SMA (27.25). Positive divergences on several indicators and increased volume in the last month. However it is important to note the DMI is signalling consolidation and we should expect some breakout move. While the 3/10 MACD would suggest a move higher, we can't rely upon this indicator during compression. The best we can do is watch and wait for the expansion move to come, whichever way it may go. My gut says higher, but this depends on the market in general.
