The retracement to $2.6020 in the previous trading session has not violated the current short-term uptrend, with a wave "v" unfolding to $2.7190, a high touched on July 7.

The upside could be extended beyond $2.7190, to the June 3 high of $2.7675.

Retracement will be limited to $2.64.

Copyright Reuters, 2011