By John Noonan — Jun 20 - 07:20 PM
EUR/USD opens 0.19% higher at 1.0510 after topping out at 1.0545
Pair moved higher when DE 10-year yield moved up on higher inflation expectations nL8N2Y71F2
EUR/USD opens near the 10-day MA at 1.0518 after breaching it yesterday
Key short-term resistance is at the 21-day MA at 1.0623
EUR/USD trend lower losing momentum as 5-day MA turning higher
Support is at yesterday's 1.0470 low as break ends 3-days of higher lows
Action in Asia likely to be subdued after US holiday Monday
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Source:
Refinitiv IFR Research/Market Commentary