The pair is presently building on a second day of recovery triggered as a result of an oversold condition following its recent weakness. The recovery eyes a move towards the 1.2111/42 levels, its May 18'10/Jun 01'10 lows where a reversal of roles is expected to turn EUR back down again. However, on a failure of that level, its Jun 01'10 high at 1.2353 level will be aimed at ahead of the 1.2451 level, its May 28'10 high. Alternatively, to annul its current recovery, a break and hold below the 18.75 level, the 2010 low must occur to create scope for more weakness towards its Jan'2006 low at 1.1801. A violation of there will open the door for further weakness towards its major support at 1.1640 established in 2005.