Although euro has recovered after yesterday's selloff to 1.4218, price action from there is viewed as a minor correction and recent decline from last month's 2009 top at 1.5145 should resume for a re-test of said support and later towards daily chart level at 1.4177, however, loss of downward momentum has increased risk of a corrective rebound later.  
On the upside, only above 1.4373 would signal a temporary low has been formed and bring retracement towards 1.4412.