EUR/USD opens -0.84% after growth/inflation fears sent risk assets tumbling nL2N2XA2TU

Investors seeking shelter bought USD and JPY and EUR/JPY fell 1.7%

EUR/USD closed below 10-day MA (1.0492 Wed) to shift pressure to downside

Once again EUR/USD found sellers at key 21-day MA which is at 1.0554 today

The 10-day MA comes in at 1.0486 and is close resistance

Support is at Tuesday's 1.0429 low and break targets 1.0340/50

The May 13 low is at 1.0349 and the 2017 trend low is at 1.0340

Selling rallies as stagflation concerns intensify is the favoured strategy

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