EUR/USD has fallen back as far as 1.3350 thus far as profits are booked as a result of stalling intraday momentum in the reflation trade.
1.3340 is the 61.8% retracement of the post-ECB QE announcement range of 1.3260 to 1.3370. 1.3250/60 is solid support on pull backs but trailing stops from medium-term players are likely to cluster just below that level. EUR/USD trades now at 1.3365.
