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Collins: Targeting EURGBP downside
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Alan Collins sees clearer negative signals in EURGBP after assessing that risk levels are difficult to determine against USD.
Alan says: "Yesterday's renewal of last week's upside rejection broke last week's low and sustained prices below the 13 & 100 day moving averages and Ichimoku cloud".
Sell: 0.7200 0.7220
Risk: 0.7252
Targets: 0.7175 0.7144