Perhaps it is just squaring as Europe closes but US equities have roughly halved their losses. EUR/JPY is bouncing as well, trading now at 119.15. 120.00 should put up a bit of a fight on rebounds near-term. EUR/USD trades at 1.2735 in extremely thin, whippy trade.
Here are some Fibonacci retracements to keep an eye on as the market whips around.
