R3: ?

R2: 1.5450/60

R1: 1.5400/10

Current Price: 1.5348

S1: 1.5300/10

S2: 1.5280

S3: 1.5250/60

Support said to be thick under the 1.5300 handle at 1.5280 and layered to 1.5250 area; stops said to be thick under that area making for potential chop ahead of 1.5220/30. Upside appears limited as the dips are not being bought in size by large names traders say but rather by small names and potentially late players. Stops likely to fuel a long-liquidation break, be ready for a sharp break. Aggressive traders can get short above the 1.5350 area in my view.