After an earlier Asian Central Bank inspired break of the 38.2 Fib retracement level for December EURUSD rally at 1.3831 the fresh round of sell-off is now being blamed at system type accounts. Regardless of who is behind price action however, a daily close under the earlier figure should set us up for a bigger sell-off in the daily charts if not fully retracing the Trichet inspired rally for December. At this point next key support level should be at the 61.8 Fib at 1.3293 with 78.2 Fib at 1.2919 approximating the December take off point around the October-November range trade ceiling.