EUR/USD opened -0.36% @ 1.0976 after rise in US yields underpinned USD

After trading to 1.0968 it drifted up to 1.0995 before 1.1000 offers capped

Heading into the afternoon it is steady around 1.0985

Key support is at 21-day MA at 1.0970 and close below would end trend higher

A close below 1.0970 initially targets the April 17 low at 1.0909

Fibo support is at the 38.2 of the 1.1516/1.1096 move at 1.0874

Sellers are tipped ahead of 1.1050 with resistance at trend high at 1.1096

Position adjustments ahed of FOMC and ECB to dictate direction

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