By John Noonan — Apr 10 - 11:50 PM
EUR/USD opened -0.33% @ 1.0861 after USD broadly moved higher with US yields nL1N36D1LX
USD attained an offered tone early Asia when US yields eased from NY highs
Buoyant equities added to the US dollar weakness as the AXJ index rose 0.72% nL8N36E06Z
EUR/USD trading 1.0880 - below session high @ 1.0887 into the afternoon
Resistance is at the 10-day MA at 1.0892 and Monday's high at 1.0917
Support is at the 21-day MA at 1.0814 and close below would end trend higher
EUR/USD may consolidate ahead of the US CPI on Wednesday
Central bank expectations likely to determine short-term direction
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Source:
Refinitiv IFR Research/Market Commentary