On Friday, EUR/USD closed below the 100-day moving average for the first time since September and that’s proving to be a key level. On Monday and again today, the pair stalled on rallies at 100dma, which comes in today at 1.3572.
EUR/USD daily chart – 100dma (red), 200dma (orange)
For a short-term trade, selling a small EUR/USD position below the 100-day moving average is a low risk trade and adding on a dip below 1.3500 with a target at the 200-day moving average
