EU - 27th December 2012 - 2 hours after London Open Intraday view

This chart shot was taken at approximately 10am UK time and 5am NY on the Thursday 27th December 2012.It shows a 10 minute chart in a daily over approximately 10 days to include last 2 highs. Remember these highs were lower than previous highs at 3308 and 3294 ish. Price is presently got to a high of 3275 and for me is a scalp sell to an interim support area - which is as follows - -3264 - 3250/2 - 3240 - 3231.Immediate resistances above are now at 3275 - 3280 - 3290 - 3294 -3300 and 3308.Is 3275 a LH now to 3294 and 3308? Personally I don't think so - but it might be a rest/ pullback area to test supports below. We will soon see. As I type it as stopped at 3264 which is first interim support - so unless broken I just take scalp sell part profit or close.In the last 5 hrs we have had a 50 pip rise - so any pullback I would expect really under 20 -25 pips. The EU is OB still - but slowness / low volume etc can soon dissapate or overcome that problem rather than a 50 - 150 pip retrace. On the Fundamental side - the Fiscal cliff problem might be a reason for the EU trying 3300 again - but I will only be scalp buying if we stay above 3250 again for the time being and of course try over 3275 With it being an holiday - I am not planning to take loads of intraday trades today but will update at least every 2 hrs in between other duties - including eating mince pies and drinking sherry and generally relaxing etc etc ;-))) Enjoy and have a great day whatever you have planned