The euro slumped after the ECB and the technical picture is increasingly negative but it’s not yet screaming sell signals.
EUR/USD momentarily fell below 1.3700 (to 1.3698) after Draghi but it didn’t spark another squeeze. That suggests some demand at these levels and/or confidence from the bulls despite a fall to a one-month low today.
One area of support to watch is the 100-day moving average, which is at 1.3687 today.
EUR/USD daily