The single currency tumbled to a 8-month low of 1.3648 on renewed risk aversions due to the selloff in global stock markets, suggesting decline from last year's high of 1.5145 to retrace upmove from 1.2329 remain in progress and further weakness to 1.3600/05 would be seen, however, o/sold condition should limit downside to 1.3484 and bring a much-needed minor correction later.  
On the upside, a breach of 1.3852 anytime would confirm a temporary low is made and bring a retracement towards 1.4027 resistance.