R3: ?

R2: ?

R1: 1.5300/10

Current Price: 1.5268

S1: 1.5240/50

S2: 1.5200

S3: 1.5140/50

Rate scores another high with no relief in sight near-term. Sentiment getting extreme and regardless of how bullish someone is they are staying away as this kind of price action is very unlikely and unusual. Rally off the lows driven by model and momentum accounts first getting stopped out of longs and then re-setting them traders say. Volumes into the highs not impressive and stops still building on either side making for potentially violent trade. Aggressive traders can sell over the 1.5200 handle.

Analysis by: Jason Alan Jankovsky in Association with The Forex Edge


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