a 75-point loss. Only the ECB rate cut provided the volatility, as traders remained unfazed by the BOE's MPC 25-bp rate cut.
The outlook is bearish, with pivotal support at 1.4183 from Wednesday's low.

Support: 1.4213 (overnight low), 1.4183 (May 9 low), 1.4147 (April 2 low; 4-month low), 1.3966 (Nov. 24 trough).
Resistance: 1.4281 (overnight high), 1.4346 (20-day moving average), 1.4395 (60-day moving average), 1.4402 (61.8% Fibonacci retracement level of Nov.-Jan. uptrend), 1.4534 (50% Fibonacci retracement level of the Nov.-Jan. rally), 1.4530 (100-day moving average).