EUR/USD opens -0.73% after dovish shift in ECB expectations

Cautious comments from ECB hawk Schnabel and fall in underlying EZ inflation weighed on EUR nL1N3AC0WF

Market pricing in only a 30% chance of a 25 bp hike by ECB at Sept meeting

EUR was worst performing currency with the EUR/JPY tumbling 1.2%

EUR/USD closed below the 10-day MA (1.0851) to shift pressure to downside

Support is at a trend-line drawn from March 15 low at 1.0779

Resistance is at the 10-day MA at 1.0851 and 21-day MA at 1.0896

EUR/USD likely to consolidate ahead of key US non-farm payrolls today

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