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Why I'm shorting EURUSD: Collins

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.


assi assi
Hi Alan, any update about this trade, sell again here about 1.14......??
AlanCollins AlanCollins
Hi Assi, not for the moment I don't think. Risk level remains int he right place but to sell again I think it's better to get the reaction to Brexit/Bremain out of the way and see what develops. The knockon effect is currently a little more pronounced than previously analysed as likely.
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