EUR/USD fell 0.47% Friday after hot US inflation data sent US yields higher nL1N3542HW

EUR/USD trending lower with the 5. 10 & 21-day MAs in a bearish alignment

Only a break above the 10-day MA at 1.0641 would ease downward pressure

The objective of move lower is found at strong support at 1.045/60

The 38.2 of the Sept/Feb rise is at 1.0458 and 100-day MA is at 1.0459

More support is at the 2023 low at 1.0482 with buyers ahead of 1.0500

EUR/USD likely to remain pressured as market prices in higher for longer Fed outlook

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