R3: ?

R2: ?

R1: 1.5900/10

Current Price: 1.5830

S1: 1.5750/60

S2: 1.5700

S3: 1.5650/60

Rate powers higher with absolutely no offers in sight; traders expect the rate to test 1.6000 by the end of the week. In my view, the market has gone euphoric again and likely will ignore fundamentals as complete bullish fever takes over. Model and momentum accounts active on the bid all day traders say, look for continued volatility and a but the dip mentality. Aggressive traders can look for a failure at a new high on huge volume and turnover but 1.60 looks almost certain.