If EUR/USD accelerates its losses, here is an important technical support area to be aware of: 1.4175/1.4190. 1.4190 is the 200-day moving average. Just below that is 1.4175, the bottom from September 1. If short, this is a good place to take back a portion of your position and look for rallies to sell into to improve the average.
One gets the sense that if 1120 is overcome in the S&P today, we could be in for big rally on Wall Street. A failure could see a bout of profit-taking. Looks like EUR/USD might follow stocks today, for a change.
