Exceptional analysis made in this thread. Iris, James and Speculator great work!
Yes recurring S&R levels are all making this a very critical position for EURUSD. Price has broken significant supports in the 1.2500-1.2490 regions and an intermediate support at 1.2450-1.2460 is holding. The question is how long will it hold. If a break occurs we may see a move to the 1.2400-1.2420 levels where significant support lies in the form of a recurring S&R level from 9 months back in time. A break in that will result in a move to the 1.2300 levels. Very interesting times we are in. Friday will be key as the employment report will show the bias of the market speculators.
Great trading to you all
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-mahras