Traders report some long liquidation in EUR/AUD after the Australian jobs number and that is weighing on the EUR/USD, as is a general lack of momentum and interest.
There’s isn’t much in the way of short-term support until around 1.3850 so the slide may continue for a while before the uptrend regains control. The fear of BOJ intervention is always in the back of traders minds during the Asian session and that makes them nervous about being short USD against anything, especially when USD/JPY is still trading around 83.00.