EUR/USD opened +0.71% at 1.0991 after USD fell after US CPI nL4N36G0A0

It traded to 1.1005 before sellers stepped in to cap further gains

EUR/USD drifted lower late morning and is trading around 1.0985/90

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

Support is at the 10-day MA at 1.0918 and break would ease upward pressure

Resistance is at the 2023 high at 1.1034 and break would be bullish

The target of a 1.1035 break is the 61.8 of the 2020/2022 move at 1.1271

EUR/USD supported by view ECB has more tightening to do than the Fed

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