A cluster of small stop-loss sell orders were triggered in the 1.3615 area after support at 1.3620 finally gave out. Stock prices are down better than 1.0% after an early rally fizzled and oil prices have turned south as well after a rally through $60 early in the day. Crude is now $58.22 after the EIA lowered its average oil price forecast to the $51 area for 2009.
1.3600 is further support for EUR/USD while 1.3555/65 is very solid on dips.
