I normally like to focus on what price is doing within the last 3 days. EC has been on a downtrend for quite a while now, on May 12th price made a strong bullish move to the upside during the London and NY sessions. On the RSI (may 12) price was oversold, price then pushed up into an old support area now turned resistance. Price then retraced, consolidated a little bit before continuing the bullish move not only breaking resistance but retesting it a couple of hours later. Price again showed bullish pressure with a 30+ pip candle, with that being said price didn't make a higher high so I drew a trend-line from NY's low to the retested area if price breaks the trend line and support area I will be looking for a sell. However, if this does not happen I will be sticking with my original bias that price might grab the liquidity above the equal highs; depending on how strong the bulls are price might make a run for London's highs before selling off continuing the bearish trend.