EUR/USD opened -0.62% at 1.0915 after USD gained on safe-haven flows

After trading 1.0911 it edged higher and hit a high at 1.0925

Heading into the afternoon it is just below 1.0920

Momentum has swung to the downside and excess longs pare back

The 5, 10 & 21-day MAs are now aligned in a bearish formation

Resistance is at the 10-day MA at 1.0985 and 21-day MA at 1.0989

The next support is att he 38.2 of the 1.0516/1.1096 move at 1.0874

The JPY and USD stand to gain while market remains in risk-off mode

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