Technical Outlook and Chart Setup:
You can see a 4 hour chart setup above for reference. As expected, the down move continues and it is scheduled to accelerate towards measured extensions placed at sub 1.5100 level. Immediate resistance comes in at 1.5450 level. Any intraday pullbacks should remain well capped below 1.5450 now. Please note that this fall is still defined as correction before the next Bull Run begins. Stay short for now.
Trading Recommendations:
Stay short, target sub 51.00 level.
Good Luck!
