EUR/USD opened +0.52% at 1.1048 after USD slid in wake of soft US PPI nL1N36G2C5

Demand for EUR/USD continued in Asia and it hit a fresh 1-year high @ 1.1075

Heading into the afternoon it is stead around 1.1065/70

EUR/USD supported by hawkish ECB expectations as market prises in end of Fed hikes

The next resistance is at the March 31,2022 high at 1.1185

Objective of trend higher is the 61.8 of the 2020/2022 fall at 1.1271

Support is at the 10-day MA at 1.0947 and break would ease upward pressure

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