Euro/dollar holds 100-day simple moving average at 1.3347 after three tests but since the shock ECB announcement on November 7 has lost around 1 percent.
Interestingly even before the announcement it was struggling going from over bought on October 28, using the 14-day exponential relative strength index print, to over sold on November 1 where it has basically stayed. The peak of 1.3832 on October 25 is going to become resistance but support appears around 1.3330.
Look for the euro to stay steady to lower and if the 100-day SMA fails on a closing basis, the euro will start to target 1.3000. Euro/dollar last at 1.3389.