As we mentioned earlier, a break under 1.4035 should see 1.4000 targetted. Now here, there are some bids and technical support holding EUR above 1.4000. The 100 hour MA comes in at 1.4010. There is talk that the selling was via sovereign names both in EURUSD and EURJPY, but mainly EURUSD.
Under 1.4000 will see weak stops triggered for a move back to 1.3970-80. 1.3775 is also the 61.8% Fibo retracement from the recent run up from 1.3887, Thursday’s low. Look to buy there.