EUR/USD opened -0.15% at 1.0700 after USD continued to claw back some ground

In a quiet session EUR/USD eased to 1.0687 before setting around 1.0790

Support is at the 55-day MA at 1.0647 and 10-day MA at 1.0634

Resistance is at 38.2 of the July/Oct fall at 1.07664 with sellers in front

Nov 8 option maturities at 1.0700 and 1.0720 may draw some price action

Key event later today will be Fed Chair Powell speech later today

Some analysts feel Powell may be more hawkish after US yields retreated

EUR/USD trending higher with the 5, 10 7 21-day MAs in a bullish alignment

A break below the 10-day MA would suggest upside momentum has stalled

For more click on FXBUZ