EUR/USD has fallen very sharply in recent weeks, down from 1.3100 to record lows at 1.2300 last night. As with any pair which falls quickly, it will be liable to some very sharp retracements. Even a mild retracement would have the pair back around 1.2620, which is the 38.2% retracement of 1.3140/1.2300. Buying dips with a stop below last night’s low does look like a sensible short-term strategy.