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Alan Collins from 3c Analysis is looking at the continued decline in EURUSD this morning. Momentum has been negative for the past several weeks and the relevant financial indicators are signaling a continuation of this trend. Movement on the Keltner channel appears to verify this development as prices have struggled to recover from any form of decline.

 

Alan is looking to enter the trade at USD 1.2934 with the following price targets: USD 1.2680, USD 1.2841, and USD 1.2825.