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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.
FULL DISCLAIMER
NOTIFICATION ON NON-INDEPENDENT INVESTMENT RESEARCH AND RISK WARNING
01:19 minutes
Tags: alan collins 3c analysis, currencies, currency, currency pairs, currency trading, eurusd, forex, forex trading, saxotradergo, tradingfloor.com saxo bank
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