EUR/USD opened -1.1% at 1.0548 after USD broadly strengthened nL1N33O1HB

After dipping to 1.0541 it tracked higher when Asian markets rallied nL4N33P0A0

EUR/USD traded to 1.0569 before settling around 1.0565 into the afternoon

Resistance is at former support at the 21-day MA at 1.0607

A break above 1.0610 would relieve downward pressure

Support is at yesterday's 1.0519 low with buyers tipped ahead of 1.0500

The close below the 21-day MA suggests a short-term top is in place

A break below 1.0500 targets the 55-day MA at 1.0342

Fed minutes later today will be the main event for markets

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