EUR/USD faces resistance at 1.618 extension,sell at 1.1280

• Major resistance - 1.1280 (161.8% retracement of  1.10682 and 1.08255)
   
• The pair has recovered after making a low of 1.08221 after ECB meeting.
   
• EUR/USD has made a high of 1.1282 and slightly retraced from that level.It is currently trading around 1.11750.
   
• On the lower side minor support is around 1.1150 and break below targets 1.1100/1.1050.

It is good to sell on rallies around 1.1280 with SL around 1.1280 for the TP of 1.1100/1.1050