1.4225 support, the 50% retracement of the 1.4005/1.4445 rally, has given way and the 1.4205 level has been penetrated as well as EUR/USD bulls try and squeeze out the exit door ahead of the weekend. A Gerry just pointed out to me via e-mail, it is as if we were running the tape of last Friday’s price action backward.
1.4173 is the 61.8% retracement of 1.4005/1.4445, the next support level.
