EUR/USD remains heavy after sell-off yesterday to 1.0518 low

Close below 1.0498 fibo support targets 1.0351 next

Short dates moving averages turning down, resistance at 1.0605 5dma

Focus on Fed minutes this evening and EU CPI on Friday

Estimates for Dec EU CPI at 9.5%y/y from 10% in Nov

Higher rates needed to curb inflation but ECB to face recession challenges

No end in sight on Russian/Ukraine war adds risk to energy/geopolitical woes

EUR/USD last at 1.0569-73, traded amid 1.0539-78 range so far

Sell rallies to 1.06 preferred, bull run from Sept lows over

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