Yesterday’s trade signal is playing really well after EURUSD failed to close above 61.8% retracement from the lows. The sign we were looking for was the break below 1.1355, and that level was taken out aggressively clearing the path for even lower targets.

EURUSD H1 20-04-2016

With tomorrow’s ECB rate decision in focus, there will be volatility in this pair, thus put tight stops.

In the event that 1.128 level is breached, there is a high chance EURUSD’s rally has topped and we should expect lower targets as in our general analysis.

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