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Resistance stopped the price once again. We at least should expect the price will return to 7.100 support. If this level is broken 6.600 level will come with high probability.
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@david_smith, we have two trend lines from the short squeeze play out.. The EMA's 100, 50, etc we are above, nearing the top band on the 4 hour. Daily has potential upward around 7600 and to squeeze up higher. On the larger picture weekly we are stil in a lower volume descending channel and will retest lower support around 6800, 6300 and potentially 5500.