04-Hour Chart
(CLICK ON THE CHART TO ENLARGE IT)# Weeklies are still bullish with no sign of a reversal in sight...
# But dailies show a Shooting Star on March 07th with MACD at very high levels and RSI already kicking down, away from its moving average.
# 04-Hour chart has the 6EMA acting as resistance with a very strong bearish divergence at MACD and RSI also with Stochastic already pointing down below 25 reference point. Bearish is confirmed with break of bullish trendline (see thick yelow line).
I believe in a bearish move but some patience are required. A pull back to the all-time highs at 1.5452 is highly possible based on the 30-minute chart. So my points are:
## SELL failure 1.5430 price zone with STOP 1.5455 and LIMIT 1.5220
## SELL break weekly central pivot point at 1.5318 which is exactly the low of March 07th with STOP 1.5345/50 and LIMIT 1.5220
