EUR/USD at a session low at 1.0726
The euro has come under additional selling pressure after the options cut and is now down 97 pips on the day as it continues to carve out fresh post-ECB lows.
The break yesterday of 1.0796 left very little support on my chart until the pre-ECB lows around 1.0550.
One level that might come into play is 1.0718, which was the 61.8% retracement of the Dec rally. I'm not a big fan of that level because the Dec 2 low was so brief and illiquid and the rise to 1.1050 was slow and sloppy but after there, there is next-to-no support.
