EUR/USD opened -0.44% @ 1.0492 after USD reversed higher on stronger US data nL1N32V1DE

It moved up to 1.0518 early Asia as USD eased when Asian markets steadied

Heading into the afternoon it eased back to 1.0500/05

The hawkish turn in Fed expectations forcing EUR/USD bulls to pause

It is trending higher with the 5, 10 & 21-day MAs in a bullish alignment

Support is at the 10-day MA at 1.0434 and break would warn top is forming

More support is at the 200-day MA at 1.0360, which may be a pivot point

Resistance is at the June 27 high at 1.0615 with sellers ahead of 1.0600

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