EUR/USD opens -0.40% after USD broadly firmed ahead of US CPI nL1N376351

Trend higher ended after close below 21-day MA at 1.0997

The 5 & 10 day MAs tilting lower now as upward momentum fades

The next support of note is the 38.2 of the 1.0516/1.1096 move at 1.0874

EUR/USD longs pared back ahead of US CPI data later today

If it is hotter than expected it may reduce chances of Fed cuts in 2023

EUR/USD resistance is at the 21-day MA at 1.0997 and 10-day MA at 1.1004

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