EUR/USD opened +0.21% at 1.0983 after getting boost from softer US CPI

It moved up to 1.0998 early Asia before sellers at 1.1000/10 capped

Heading into the afternoon it is looking offered around 1.0975

Failure to follow-through higher after US CPI disappointing for bulls

Support formed at 1.0940 and break targets 38.2 of 1.0516/1.1096 at 1.0874

Resistance is around 1.1000 where the 10 & 21-day MAs converge

A close above 1.1010 needed to re-ignite upward momentum

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