The MA on the 10 minute chart comes in at the 1.3975 level.
If the market is going to continue further lower, the correction off the low should be shallow and remain below the 1.4000 level. Market action remains contained and in the hands of shorter term ebbs and flows. If we do break the 1.4000 level we could look for a move to the R4 at 1.4112.
