EUR/USD opens 0.53% lower after strong US retail sales boosted USD nL1N2KM1PY

EUR/USD traded to 1.2023 before US yields eased and capped USD upside nL1N2KN1CN

Key support for EUR/USD comes in at the 100-day MA around 1.2000

Resistance has formed 1.2090/1.2100 where the 10 & 21-day MAs converge

Sentiment bearish due USD favourable yield and economic comparison with EZ

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