Published July 24th, 2008 - 06:15 GMT Al Bawaba It is looking now as though the 3 wave rally from .9647 was wave W in a complex correction.The choppy decline from above 1.06 serves as wave X and wave Y is underway now and will end above 1.0624. Near term support is at 1.0350. LatestPopular Small boats attack cargo ship near strait of Hormuz "Taiwan Is Not for Sale": Tense files shadow Trump–Xi meeting Shipping grinds to a halt in the strait of Hormuz after Trump remarks Egyptian singer Hany Shaker dies aged 73 Greater Israel map, nooses: Ben-Gvir's birthday cake sparks controversy Loading content ... Subscribe Sign up to our newsletter for exclusive updates and enhanced content Subscribe Now Subscribe Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news