This is another pair we touched upon last week as it re-tested key resistance and rejected on the weekly chart. We have had to remain patient with this pair for a high probability opportunity and now we are starting to see the trade shape up. The 4hr is starting to line up with our higher timeframe by creating a lower low breaking through the previous lows at 1.6150 highlighted by the red circle. Looking for the trend continuation move if we see the market retrace back into the 61.8 fib and lows of 1.6200.