EUR/USD opens 1.1% higher after USD and JPY fell across the board nL2N2X91XR

Hawkish comments from ECB's Knot helped to underpin EUR in Europe nL5N2X9343

Fed Chair Powell was also hawkish but market took comments in stride nL2N2X9228

EUR/USD closed above the 10-day MA, which is now support at 1.0501

Key resistance is at the 21-day MA at 1.0576

A close above the 21-day MA would suggest a bottom is in place

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