R3: 1.5890/1.5900

R2: 1.5860

R1: 1.5820/30

Current Price: 1.5786

S1: 1.5740/50

S2: 1.5700

S3: 1.5660

Rate tries for new lifetime high and is rejected on the first attempt; I think that is long-liquidation and early shorts capping the move but volumes were light. Stops above the 1.5900 area left untouched for now and stops above the 1.5950 area are said to be huge. Bids under the 1.5740 area layered with stops to the 1.5700 area traders say with more stops sub-1.5700. Rate looks ready to challenge for a new high the next 24-48 hours; aggressive traders can look to sell that high.

Analysis by: written by Jason Alan Jankovsky


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