EUR/USD opens -0.45% after USD broadly strengthened on higher US yields nL1N2XN273

It fell to 1.0679 - just above 10-day MA (1.0670 Tuesday) before bouncing

The 10-day MA ascends to 1.0698 today and break would suggest top is forming

Key resistance is at the 38.2 of the 2022 high/low at 1.0786

A break above 1.0790 would provide fresh momentum to trend higher

Sentiment is mixed as rising energy costs after EU sanctions weighs

Hot EZ inflation data supports EUR due to hawkish ECB implications

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