EUR/USD opens +0.49% as USD sold as market prices in end of Fed tightening nL1N3C32JX

EUR/USD broke above 55-day MA (1.0654) but failed to close above

The 5, 10 & 21-day MAs are now aligned in a bullish formation

A close above the 55-day MA would likely see the trend further develop

Market waiting on US non-farm payrolls to confirm Fed view

If trend higher develops - objective would be 38.2 of July/Oct fall @ 1.0764

Support is at the 21-day MA at 1.0582 and break would negate bullish signal

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