WEEKLY CHART: The 2010 recovery found clear resistance from the 1.1735 76.4% level of the whole 2008-09 downmove.

Subsequent pullback has been decisive, but the detail on the Daily chart is interesting now...

DAILY CHART:

The pullback from that 76.4% resistance has drawn nearer to the 1.05340 76.4% retracement.

We wait to see if support emerges near here, but already note that the s/term chart structure could be showing signs that bears are beginning to tire. This is supported by the relatively oversold nature of the RSI indicator.

We await reaction with interest - support is expected.