EUR/USD opens -0.33% after reversing from a 4-day high at 1.0645

Hot French and Spanish CPI and soft US data behind early rally nL1N3580T6nL1N3581HD

Weak close on Wall Street underpinned USD safe haven flows

EUR/USD broke above the 10-day MA - but there was no follow-through

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

A close above the 20-day MA at 1.0620 needed to relieve downward pressure

Key resistance is at the 21-day MA at 1.0697 and break would end down-trend

Support at 1.0475/85 where the 100-day MA and 2023 low converge

More support is at the 38.2 of the Sept/Feb move at 1.0458

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