17 May Friday View

23.6 % retracement level @ 33376 was breached for a short period of time yesterday, but the price seemed to be trying to hold above that level, did briefly but broken back this morning again. If from the current price level the price pushes up, then we will have lower high, maintenance of an important level, could test further highs. But, if this level acts as a tough resistance and the price tumbles down, just below yesterday's low @ 33026 for instance, we could see further tumbling down. So, watch carefully and choose which side you want to be carefully.

Not much of Economic News release today other than MPC member Weale's speech - GBP and Prelim UoM Consumer Sentiment - USD at around 7:40 PM.

Trade Happy, Trade Safe.