EUR/USD opened -0.07% at 1.0560 after recovering from 1.0521

Recovery due to a fall in US yields on softer inflation component of US GDP nL1N3BW37A

EUR/USD was quiet in Asia and pivoted around 1.0560 for most of the morning

Choppy range trading has dominated price action in absence of a clear trend

ECB decision was a non-event as traders look for a fresh catalyst

US PCE is out later today and could stir volatility if they impact US yields

Resistance is at the 55-day MA at 1.0680 and break should see follow-through

Support is at Oct 3 and 2023 low at 1.0448 with bids tipped ahead of 1.0500

Massive option expiries today between 1.0500-1.0600 help to contain action

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