EUR/USD opened +0.57% after US yields fell as Fed left door open for pause nL1N36Z2C8

After opening at 1.1062 it traded 1.1060 before tracking higher

Heading into the afternoon it is close to the session high at 1.1087

The market is pricing in a 25 bp hike by the ECB with the possibility of 50 nL8N3705BJ

EUR/USD closing in on the April 26 and 2023 high at 1.1096

A break above 1.1100 targets the 38.2 of the 2021/2022 drop at 1.1271

Support is at the 21-day MA at 1.0983 and a close below would warn of a top

Market sentiment bullish as market prices in Fed rate cuts as US banking crisis deepens nL4N3701Z4

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