EUR/USD opens 0.62% higher after reversing from 1.0809 low

It came within 3 pips of the March 7 trend low at 1.0806

Reversal due to fall in US yields on belief US inflation close to peak

Resistance is at the 10-day MA at 1.0907 and 21-day MA at 1.0978

Support at March 7 trend low at 1.0806 validated by the price action nL2N2WB1T0

Market not willing to go too short ahead of ECB meeting later today

Many analysts are looking for a hawkish pivot from ECB President Lagarde

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