EUR/USD opened -0.12% at 1.0861 after higher US yields weighed nL8N37D5P0

It edged higher in a quiet Asian session as USD and JPY slightly weakened

Hopes of a deal to end US debt ceiling crisis helped risk currencies nL1N37D0XM

EUR/USD traded to 1.0873 and is around 1.0870 into the afternoon

EUR/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

Support at 1.0806 where the 100-day MA and 50% of March-April move converge

Resistance is at the 10-day MA at 1.0934 and 21-day MA at 1.0971

USD underpinned by rising doubts Fed will be aggressively cutting rates in 2023

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