Current Price: 1.5473
Rate powers higher in a relentless march to score high after high; all this bullish sentiment is an accident waiting to happen in my view. A correction is long overdue and a liquidating break is inevitable sooner or later; be very careful holding longs. Aggressive traders can sell 1.5450 area. Stops likely rolled-up under the 1.5350 area and late longs likely to have their in range. If option defense canâ€™t cap the move for a correction the rate has stops from shorts likely at the 1.5520 area.