Yesteryday's selloff to a 10-month low at 87.21 in line with the greenback's across the board suggests recent decline would extend weakness to daily support at 87.10 (the low made in January) and then 86.70/80 but anticipated oversold readings on hourly oscillators has increased risk of a correction later.  
  
Above 88.01 (previous support, now resistance) would indicate a temporary low has been formed and bring retracement to 88.50/60.