|R1||123.25~||*||mid-May high volm||S1||122.35~||*||uptrend fr 2012|
|R2||123.60||*||10-May high||S2||122.05||*||62% ret YTD rally|
|R3||124.25~||6 & 7-May highs||S3||121.10||top of 3-Jan low spike|
|R4||124.70/ 125~||*||Feb-May high volm||S4||118.72||**||3-Jan YTD low|
Asterisk denotes strength of level
15:00 GMT - Today's trade could be a key m/term directional marker—brisk decline has dropped the market into a precision test of the 62% YTD Fibonacci line, in the process testing a l/term uptrend for support—the last time it was tested (Jan-19), EUR spiked strongly. Jump back to close high today will look bullish (especially with Thurs-Fri follow through past 123.25). A low close &/or further loss tomorrow starts to look precarious (the next ref pt. isn't until 118.72).