SaxoTV

Collins: Why I am shorting EURUSD

415 views
October 21, 2015 3c, 3c analysis, alan, alan collins, alan collins 3c analysis, analysis, collins, currencies, currency, currency market, currency markets, currency pair, currency pairs, currency strategy, currency trading, dollar, eur, euro, eurusd, foreign exchange, forex, forex idea, forex market, forex markets, forex saxo bank, forex trade idea, forex trading, fx, fx forex, fx market, fx markets, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, saxo, saxo bank, saxo bank currencies, saxo bank forex, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotradergo, saxotv, technical, technical analysis, trade, trade idea, trade ideas, trade view, trader, trader idea, traders, traders tale, traders tale alan collins, traders tale saxo tv, trades, trading, trading currencies, trading floor, trading floor saxo tv, trading forex, trading fx, trading idea, trading platform, trading risks, trading strategy, trading tips, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor trades, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom, us, us dollar, usd
Alan Collins is looking to short EURUSD as last week’s very powerful decline continues to dominate the market.

The decline has since then stalled at the 13-day moving average and a Marabuzo line created on October 9th, Collins says. 

With signals that the bearish sentiment will continue and focus on the downside, Collins is looking to sell at 1.1365 and a rally to 1.1387. His targets are 1.1332, 1.1304 and 1.1277 with a stop above 1.1411.