EUR/USD opens -0.38%, as US yields continue to march higher and underpin USD nL1N39V1WD

EUR/USD traded just below 61.8 of 1.0635/1.1276 at 1.0879 before bouncing

It sill closed below the 100-day MA (1.0931) to maintain a bearish bias

EUR/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

Resistance is at the 10-day MA 1.0957 and break would ease downward pressure

Support is at 61.8 fibo at 1.0879 and daily lows from June-July at 1.0835/45

Selling rallies favoured strategy while the 10-day MA holds on corrections

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