04-HOUR CHART
(CLICK ON THE CHART TO ENLARGE IT)Dailies are coming in a very strong bullish trend with all indicators still pointing up. 165.45 is a major resistance (high on May 08th). It´s very hard to say where prices are moving to. I´m tempted to see a double-top at 165.45 mainly because of the Wedge Rising formation but my mind can be tricky. So avoiding the temptation to find tops where they don´t exist and being conservative, my points are:
BUY break 165.55 (oct 07th high) with stop at 165.40 and 1st target 166.10 (high June 19th and 20th). Add lots break 166.10 with target 167.00 (high June 22th and 25th).
SELL break 165.30 (5-minute 62EMA) with stop at 165.45 and 1st target 165.00 (Central Pivot Point Oct 07th). Add lots break 164.70 (23% fibo on daily) with tight stop with targets 164.40 (daily 6EMA) and 164.00
