22 June 2016 at 6:29 GMT
Alan Collins of 3cAnalysis is looking to short the EURUSD at current levels and sell a rally.
Collins says that the background to the negative undertone for this currency pair goes back to May’s bearish weekly Shooting Star pattern that marked the top of 9-month highs.
Alan Collins targets are 1.1188, 1.1069/96 and 1.0941.
The risk is currently assessed as 1.1463 although this will be constantly reviewed, he says.