The surge through 104.64 negates the immediate bearish bias.
We still maintain that the larger trend is down but a larger corrective advance is probably unfolding. If so, then a potential reversal point is the 100% extension of 95.72-102.95/100.02 at 107.25 (as well as the mentioned 105.18 on the previous chart). The larger trend is down and we will be looking for opportunities to short.
