04-Hour Chart
(CLICK ON THE CHART TO ENLARGE IT)
Indicators on dailies are still favouring the bearish. 159.90 which is 50% fibo working as major support. But moving to 04-hour chart we clearly see the fan purple lines workng well as a trade range. It worked well as resistance at 162.70 on Aug 10th and right now is working as support at 159.60. Current moves are somewhat erratic. So points are:
SHORT consitent break of 159.60
