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EURUSD is sliding: Collins
Allan Collins of 3cAnalysis says that EURUSD is in a downwards trend and that there is no sign of the decline ending.
Collins is shorting EURUSD at 1.1218 and has set targets at 1.1069, a 50% correction point, 1.1006 and even 1.0940, a broader 62% pullback over the coming days.
Only a move above 1.1272 would throw the negative tone adrift he says.
01:34 minutes
Tags: alan collins 3c analysis, euro dollar, eurusd, eurusd bearish, eurusd trade, saxobank.com, saxotradergo, tradingfloor.com
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