The EURUSD move closer toward the key retracement support from the commentary yesterday (see prior post [1])  The low today reached 1.4385.  The 38.2% retracement of the longer term move from the November 2005 low comes in at 1.4357. 

Since then the pair has move back above the low from yesterday at 1.4466.  It is at a key level now. Don't be surprised if it dips below the 1.4466 level in the short term to see the conviction of the bottom fishers.  However, A dip below the 1.4437 would not be a positive sign.