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Collins: EURGBP demand developing

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September 16, 2015 bonds, businessg, businessggbb, eur, eurgbp, euro, europe, european central bank, eurozone, eurusd, eyur, for, ford, ford share price, forecast, forecasts, foreign exchange, foreign exchange market, foreign exchange market stock, foreign exchange strategy, foreign exhcange, foreign investors, foreign reserves, foreignexchange, forex, forex 2014, forex 2014 outlook, forex 2015, forex 2015 outlook, forex and more, forex aud, forex audusd, forex audusd 2014, forex audusd short, forex buying, forex dealers, forex eurgbp, forex eurjpy, forex eurusd, forex exchange, forex gbpeur, forex gbpusd, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex selling, forex strategy, forex swiss, forex trade, forex trade idea, forex trade ideas, forex trading, forex trading 2013, forex trading 2014, forex trading 2015, forex usdcad, forex usdchf, forex usdjpy, forex.com, forexforex, forextrading, formaciĆ³n, formation, forreign exchange, forward, forward guidance, fx, fx award, fx crosses, fx forex, fx interbank markets, fx investing, fx market, fx markets, fx options, fx saxo bank, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx trends, fx volatility, fxfx, fxfxfotrex, fxmarkets, fxmonthly, fxoptions, fxspot, fxtrade, gb, gbgbgb, gbp, gbp eur, gbp falling, gbp trading, gbp trading 2014, gbp usd, gbp usdg, gbp weakening, gbpeur, gbpeur 2014, gbpusd, gbpusd 2014, gbpusd labour day, gbpusd record high, gbpusd trade idea, gbpusd trade ideag, saxo tv, tradingfloor.com
Alan Collins outlines his trade in EURGBP and explains why he thinks demand is likely to continue to develop: "The last 3 weeks have all found investor buying interest near the 0.7250 area with last week's downside rejection setting the expected tone for this week."
 
Although anticipated upside has yet to be proven, according to Alan, the market is unable to maintain levels below the 200 day average and is finding support near the trend defining 13 day moving average plus there's a mildly positive Keltner channel.


Buying around 0.7340-50
Stop: 0.7308
Targets: 0.7375 0.7399 0.7419