EUR/USD opens -0.55% after spike up in US yields on Friday underpinned USD nL1N36H21G

Hawkish view from Fed's Waller & rise in inflation expectations behind move

EUR/USD still trending higher and Friday's fall may be just a correction

The 5, 10 and 21-day MAs remain in a bullish alignment and point higher

Only a close below the 10-day MA at1.0947 would warn a top is forming

More support is at the 21-day MA at 1.0883

A break back above Friday's high at 1.1075 would confirm correction over

More resistance is at the March 31, 2022 high at 1.1185

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