EUR/USD opens -0.23% after USD broadly firmed on higher US yields nL1N39X28O

Spread between 10-year US yield and 10-year German bund yield widened 5 bps nL1N39X0J3

Widening US-DE yield spread keeping the pressure on EUR/USD for now

Price action sticky around 61.8 of 1.0635/1.1276 move at 1.0879

More support at daily lows made in June-July around 1.0835/45

Break below 1.0820 targets the key 200-day MA at 1.0789

EUR/USD has been above the 200-day MA for all of 2023

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

Resistance is at the 10-day MA at 1.0943 and break would ease the pressure

Selling rallies while the 10-day MA holds is the favoured strategy

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