On Feb. 12 we NFTRH+‘d Germany (and Europe in general) and assigned a target to EWG using a daily chart. Here is EWG weekly, trying to get through resistance after doing some good work.

Key to this would be the currency relationships going on with Uncle Buck and the Euro. EWG would rather see a weaker buck than say, the hedged Germany fund DXGE. Same goes for Europe in general with the likes of EZU vs. HEDJ.