Current Price: 1.5549
Rate continues to give the bears no quarter and powers to three separate attempts at highs attracting sellers all the way. Rhetoric from ECB governors today did nothing to help the bullish momentum. Lots of reasons to stand aside and in my view it might be a good move to flatten out before switching to the long side or looking for a top. This market will not act rationally at this point and it is WAY overdue for a correction. Look for more upside to the Oh my god! level.