EUR/USD is coming under further pressure, presently down at 1.3840. Risk aversion seems to be ratcheting up with stocks selling off (S&P futures off 8 points or so) and oil prices lower.

Technical supports for EUR/USD now at 1.3820/25 and 1.3800/05. Given alot of people have outlined 1.38/1.40 as a decent trading range you’d have to expect two things, 1) buy orders lined up at 1.3800/20 and 2) hefty stops gathering not far below 1.3800.