General overview for 16/12/2015 08:40 CET

A grey resistance zone around the level of 133.33 had been violated, but market was not strong enough to follow the breakout. Currently, the internal wave progression of the wave b green is evolving into more complex and time-consuming structure as markets are awaiting today's Fed's rate decision.

Support/Resistance:

134.74 - WR2

134.57 - Swing High

133.62 - WR1

133.51 - Intraday Resistance

133.11 - Weekly Pivot

132.70 - Intraday Support

132.12 - 50%Fibo

Trading recommendations:

Sell orders placed yesterday were activated, but did not hit the projected TP level (30 pips short). Currently, traders should refrain from trading and wait for the better setup to occur.