EUR/USD opens +0.36% after US yields fell on dovish Fed-speak nS0N39R00RnL1N3BG26S

EUR/USD closed just above 21-day MA, which comes in at 1.0597 today

It is first close above the 21-day MA since Aug 30

A sustained break above 1.0620 would confirm a bottom is in place

Target for correction is 1.0765 where the 55-day MA & 38.2 of July/Oct fall converge

Support is @ 10-day MA at 1.0550 and break would shift pressure to downside

EUR/USD likely to consolidate ahead of key US CPI out on Thursday

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