EUR/USD opened +0.90% at 1.0729 after US 2-year yield crashed lower nL1N35L2J4

After trading at 1.0731 it leaked lower as US yields bounced

The 2-year US yield moved up to 4.14% from 3.98% late NY

The EUR/USD eased to1.0698 and is around 1.0700 into the afternoon

Some analysts believe fall in US yields and shift in Fed expectations is overdone nL4N35M04Q

US CPI later today may upset market is it is hotter than expected

EUR/USD support around 1.0635 where the 10 & 21-day MAs converge

A break 1.0630 would shift the pressure to the downside

Resistance is at the 50% of the 1.1024/1.0524 move at 1.0779

Choppy trading expected into ECB meeting Thursday

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