General overview for 17/09/2013 10:15 CET The price has broken to the upside taking out the 132.38 level and now the key level of 132.70 is being tested. The most likley scenario is more whipsaw moves on the waiting game for FED meeting tomorrow. Break out above this level will expose recent highs around 133.30 and confirm bullish impulsive price action. Failure to break out above 132.70 will likely push the price back to the congestion area and put the impulsive count into question. Please notice that golden trendline provides good support and retail GAP is still not closed. Support/Resistance: 133.35 - Swing High 133.30 - WR1 132.70 - Intraday Resistance 132.38 - Intraday Support 132.15 - Weekly Pivot Trading recommendations: Intraday breakout scalp entry levels are: - for longs: 132.70 with tigh SL and potential Tp at 133.30 -for shorts: 132.38 with SL at 132.71 and potential TP at 132.19 and 131.00
