The ECB earlier today maintained status-quo and left its main refinancing rate, deposit rate and marginal lending rates at 0.0%, -0.40% and 0.25% respectively.
The euro edged slightly higher after ECB decision. Focus now on ECB President Mario Draghi's presser to determine the next leg of move for the shared currency.
The pair broke below 20-DMA support at 4.3183, scope for test of 78.6% Fib at 4.2855.
Momentum studies are , is below the 50 mark, Stochs are biased south and line is on the verge of a crossover on signal line.
Major support levels - 4.3085 (61.8% Fib), 4.2959 (Aug 23 low), 4.2855 (78.6% Fib)
Major resistance levels - 4.3182 (20-DMA), 4.3246 (50% Fib), 4.3337 (5-DMA)
Good to go short on a close below 20-DMA, SL: 4.3250, TP: 4.2959/ 4.2855/ 1.2730