EUR/USD opens +0.21% after getting a lift from falling US yields

Renewed US bank concerns seen as forcing Fed to reverse course after Wednesday hike nL1N36Z2HR

EUR/USD traded below the 21-day MA (1.0973) but closed well above

A close below the 21-day MA would signal the end of the trend higher

Resistance is at the April 26 trend high at 1.1096 with sellers at 1.1045

Market will likely trade sideways ahead of Fed decision late Wednesday

Fed expected to hike 25 bps to 5.00-5.25% - but key will be message

Fed push-back against pricing of Fed cuts later this year would be hawkish

Fed signal they are ready to pause would be dovish

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