EUR/USD made a small recovery in Asia after falling 0.47% to 1.0544 Friday

Range in Asia was 1.0542/59 and it is 1.0550/55 into the afternoon

Trend is lower with the 5, 10 & 21-day MAs in a bearish alignment

Resistance is at the 10-day mA at 1.0641 and break would ease pressure

Support is at the 2023 low at 1.0482 and key support is at 1.0455/60

The 100-day MA is at 1.0459 and the 38.2 of the Sept/Feb rise is at 1.0458

Central bank expectations driving the EUR/USD for the time being

Key EZ inflation data and ECB minutes this week may play a role

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