EUR/USD slipping towards 1.0335 again

On Wednesday the EUR/USD fell to 1.0344 and then rebounded yesterday to 1.0822. Comments here ahead of that rebound high noted the prospect of traders selling into rallies and the only question being how far it might rebound before it suffered another relapse. Well, as you can see right now the Euro is close to the lows seen on Tuesday. The price action on Tuesday did manage to cling to the November 22 low, at 1.0335, but only just. The EUR/USD closed in the US last night at 1.0363. It has in fact just now traded to 1.0343, just eclipsing the low on Tuesday by 1 pip. The question now is will it take out that November 22 low? It looks likely folks and if it does where next?  Several weeks back an ideal measured move objective was outlined here at 1.0155 and that has not changed. The US PCE data due later today, at 1.30pm could be central in deciding how the Euro trades ahead of the weekend. The EUR/USD is right now at 1.0355