Published May 1st, 2008 - 07:01 GMT Al Bawaba This 15 minute chart shows a 5 wave decline from 104.88 and corrective setback. This short term structure makes a strong case that the larger downtrend has resumed. A bearish bias is warranted against 104.88. LatestPopular IAEA chief warns of rising global nuclear arms race Saudi-led rail project to link Turkey to the Gulf revives historic Hejaz route Iran seizes two ships in Strait of Hormuz Turkey buys 44 Eurofighter jets, boosting air power amid F-35 dispute 'Anta Otroq Babi': All you need to know about Arabic version of Sen Çal Kapımı 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