EUR/USD dipped just beyond the 38.2% retracement of its 1.4405/1.4445 rally on the first rush to the downside. 1.4277 is the 38.2% retracement of that rally; 1.4225 is the 50% mark.
EUR/US retains a weak tone as firmer US yields and lousy performance by the EUR leg of the reflation trade spark position liquidation ahead of the weekend.
