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Collins: Targeting EURGBP downside

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June 17, 2015 'fx, bonds, eur, euro, euro dollar, europe, european, european central bank, european economy, eurozone, eurusd, for, forecast, foreign exchange, foreign exchange market, foreign exchange strategy, forex, forex 2014, forex 2014 outlook, forex 2015, forex 2015 outlook, forex and more, forex aud, forex audusd, forex buying, forex eurusd, forex exchange, forex gbpusd, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trade ideas, forex trading, forex trading 2014, forex trading 2015, forextrading, forexx, forward guidance, fx, fx crosses, fx forex, fx interbank markets, fx investing, fx market, fx markets, fx options, fx spot, fx strategy, fx trade, fx trade idea, fx trade idea q2', fx traders, fx trades, fx trading, fx volatility, fx volatilityx, fxfx, fxmarkets, gb, gbp, gbp eur, gbp falling, gbp trading, gbp trading 2014, gbp usd, gbp weakening, gbp weakeningg', gbpeur, gbpusd, gbpusd 2014, gbpusd labour dayg, gbpusd trade idea, saxo tv, tradingfloor.com
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