EURUSD Trade Signal 17.04

Short Euro at 1.315 (there is a bit of retracement happening at this level) with protective stops at 1.3225. Target or take profit level is 1.3037

Possible retracement levels could happen in the region of 1.3152 through 1.314. A sell from anywhere in this region will be good enough a trade to short the Euro.

Tomorrow is an important day in the markets as Italian law makers try to resolve the political deadlock since the Italian elections in March.

The current uptrend in the Euro is in fact only a retracement and not to be seen as a change in trend.

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