EUR/USD opened +0.4% @ 1.0923 as EZ-US yield spreads tightened to favour EUR nL1N3AB1CZnL1N3AB0GU

USD was offered early Asia and the EUR/USD drifted up to 1.0939

USD steadies as risk assets slipped and EUR/USD traded back to 1.0920/25

Key today will be reactions to EZ CPI and US PCE price index

Central bank expectations the main factor driving EUR/USD moves

EUR/USD support is at the 21-day MA at 1.0905 and 10-day MA ay 1.0862

Resistance is at the 38.2 of 1.1276/1.0765 move at 1.0960

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