EUR/USD opens -0.50% after USD eventually gained on severe risk aversion nL1N3352YW

EUR/USD initially rallied after ECB hawkish 50 bp hike - as EZ yields soared nL1N3350EKnL8N3354IR

It traded to 1.0737 - just below the 50% of 2022 decline at 1.0743

EUR/USD reversed lower when USD gained when stocks and commodities cratered

Support is at the 10-day MA at 1.0566 and 21-day MA at 1.0470

Despite fall - EUR/USD still trending higher as long as 10-day MA holds

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