EUR/USD opens 0.36% higher after breaking above decent technical resistance

Broad USD weakness was the main theme as US yields moved lower nL1N2M121YnL1N2M12H3

EUR/USD closed above the 200-day MA (1.1892) for first time since March 22

There is good resistance between 1.1970/1.2000 that may stall a move higher

50% of 1.2243/1.1704 @ 1.1973, 55-day MA @ 1.1985, Quadruple top @ 1.1985/90

Support is at the 200-day MA at 1.1892 and 21-day MA at 1.1851

Price action of late favours buying dips towards 1.1850

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