EUR/USD opens -1.26% after Fed Chair Powell was more hawkish than expected nL1N35F184

Short-term US yields soared and risk assets tumbled to underpin the USD

EUR/USD came close to the Feb 27 low at 1.0533 to validate it as support

More support @ the 100-day MA at 1.0519, which was last breached in November

Objective of move is the 38.2 of the Sept/Feb rise at 1.0458

Resistance is at the 10-day MA at 1.0600 where sellers are tipped

Market was caught out by Powell comments as it was pricing in rates peaking

The volatile swing lower has set the table for the US jobs report on Friday

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