MONTLHY CHART: See how 76.4% provided clear support in late 2008.

The recovery is now complete, with the 2008 peak exceeded.

WEEKLY CHART: Here note how the 38.2% pullback provided strong support, sidelining lingering bears as the market refused to weaken again.

Breaking the 0.9405 Nov-09 high was a bull sign, with recent breach of the 2008 peak providing further confirmation.

The current bull channel top projection implies resistance around 1.0750 and serves as the next target.

DAILY CHART:

S/term the unbroken uptrend from 25-Aug low is extending towards our Fibo projection around 1.0200, the 1.618 swing off prior Apr/May downmove, where we'd look closer for temporary resistance.

At the moment support comes from 0.9405/9382 (Nov-09/Apr highs), then the 0.9221 06-Aug high. A break of the latter would signal loss of momentum and delay the next upleg.