EUR/USD opened -0.75% at 1.0589 after weak EZ PMIs and strong US PMI weighed

USD gave back some gains in Asia led by a surge in AUD/USD after hot Aus CPI

EUR/USD traded up to a session high at 1.0604 heading into the afternoon

Support is at the 10-day MA at 1.0575 and 21-day MA at 1.0560

Resistance at the 55-day MA at 1.0695 has been validated by price action

EUR/USD likely to struggle due to contrasting trend in US and EZ economy

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