EUR/USD opened slightly lower at 1.0594 and traded in a 1.0593/1.0614 range

The high was hit early in the session when USD/JPY led USD slightly lower

Heading into the afternoon EUR/USD is trading around 1.0600

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

Pressure will remain while the 10-day MA at 1.0664 caps rallies

There isn't any notable support ahead of the 2023 low at 1.0482

Bids between 1.0550/70 may underpin EUR/USD for now

US PCE inflation later today may impact Fed expectations and stir volatility

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