The single currency tumbled from 1.4379 to as low as 1.4177 yesterday due to active cross selling in euro on the selloff in global stock markets, suggesting upmove from 1.4045 has indeed made a top earlier at 1.4407 and further choppy trading below this year's high of 1.4448 would be seen with downside and one more fall to 1.4150 is likely, however, oversold condition wud limit decline to 1.4084 support and bring rebound later.  
  
On the upside, a breach of 1.4278/86 would signal a low is made and may bring another rebound to 1.4344 resistance.