Deteriorating interest rate differentials, eroding creditworthiness of EU members and a general bout of risk aversion are combining to keep the euro under a great deal of pressure. Prices briefly dipped to 1.3290 as stop-loss sell orders were triggered on the 1.33 break. 1.341, the 61.8% retracement of the whole October/December range (1.2330/1.4720) is the next support of note for EUR/USD. We trade now at 1.3225.