R3: ?

R2: ?

R1: 1.5490/1.5500

Current Price: 1.5473

S1: 1.5400/10

S2: 1.5380

S3: 1.5340/50

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 can’t cap the move for a correction the rate has stops from shorts likely at the 1.5520 area.