The EUR/USD still hasn’t managed to post a proper daily low so bulls should not get carried away and start calling for a bottom. Chart resistance is looming at 1.3840 although a clean break above there could see a swift return towards 1.4000. Some oversold momentum studies are starting to turn so the odds do favour some type of extended recovery at this stage. Buy dips towards 1.36 or sell rallies towards 1.40, both look like sensible strategies at this stage.