Fed sparked a EUR/USD downtrend in June 2021

During that trend rises above 20-day Bollingers followed by 2-4% drops

EUR/USD peaked 1.1185 above bands in Mar 31 then dropped to 1.1052

EUR/USD traders are long and this is weighing EUR/USD

Reversion to 1.10 (centre current consolidation) is very likely

Demand for USD should rise ahead Fed's May meeting nL5N2VY2CX

EUR traders should think JPY and hedge accordingly nL2N2VY0IA