EUR/USD opened -0.40% at 1.0960 after USD broadly strengthened

It drifted higher in Asia and was at 1.0975 heading into the afternoon

Trading was quiet as market looked forward to US CPI later today

A hot US CPI would likely throw doubt on Fed rate cuts later in 2023

It would also coax excess EUR/USD longs to pare back nL4N377044

EUR/USD closed below the 21-day MA at 1.0998 to signal end of trend higher

Resistance is now at the 21-day MA ad 10-day MA at 1.1005

Support is at the 38.2 of the 1.0516/1.1096 move at 1.0874

For more click on FXBUZ