We have entered an area that I have identified as being an area of over-supply, and of course when supply exceeds demand, prices drop. There is a trend-line forming from the top of the major drop back in Feb to the two recent peaks. I think it is now time to watch the 4 hour charts for entry opportunities.
4 hour shows consolidation around this area and while it is possible it will trade higher, I think we are due for a swing back south.
15 Minute shows 2 recent peaks around the .9760 mark, which is where I will be looking for an entry if it gets back up there.
Profit targets 9600 and potentially 9400