EUR/USD opens +0.88% after hot German inflation read pushed up Bund yields nL1N35915M

EUR/USD completed a bullish outside day and closed above the 10-day MA

Rally stopped short of 21-day MA (1.0701 Wed) which descends to 1.0686 today

A break above 1.0690 targets 38.2 of 1.1034/1.0533 move at 1.0724

Support is at the 10-day MA at 1.0629 with bids eyed ahead of 1.0640

EUR/USD building a base as 5-day MA starts to turn higher

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