The 200 has to hold for the bulls. A close below and its lights out. Still for us a lower high needs to be put in before we turn bearish. The current volume spikes above the 50 period average indicates that this could be just the beginning of this bearish move.
A decisive break of trend line resistance is an early indication that the set back is over and a short term advance is underway. And our long term objective of 1.189 as A equality is probable. Critical Support remains the same at this juncture.