EUR/USD opens +0.62% after USD retreated against majors when US yields fell

EUR/USD closed above the 10-day MA at 1.0839 to relieve downward pressure

Key resistance @ 1.0920/25 where 21-day MA & 38.2 of 1.1185/1.0753 converge

A break above 1.0925 would suggest a short-term bottom is in place

Support is at the 10-day MA at 1.0839 and yesterday's 1.0785 low

Market will likely take cues from moves in USD/JPY during Asian session

For more click on FXBUZ