Price has treaded water for almost a month but yesterday we saw a strong move to the upside, breaking above the 1,3455 high and reaching of the Monthly R1. A daily close above this level, 1,3518, will expose the upper wedge band and Monthly R2 at 1,3670. Price may also respect the R1 level at first test and come back to test the break out level, 1,3455 or the Weekly R1 at 1,3425. What was noticeable yesterday was the extreme SSI reading of 4,85 Net short speculaitve crowd. Extremes like this often signal a price extreme as well, as the crowd is mostly wrong but tend to be right at the extremes. This may warn of a false breakout. Thus, break out traders should preferably wait for a close above the Monthly R1 or at least see if price finds support on a retest of the break out level, also considering the Dollar Index position, right at important resistance.