EUR/USD opened 1.0715 after closing choppy session Friday at 1.0700

A gap lower in USD/JPY on BOJ Governor Ueda comments broadly weighed on USD nL1N3AK2KF

EUR/USD traded as high as 1.0728 and is around 1.0725 into the afternoon

Resistance is at Friday's 1.0744 high with sellers tipped at 1.0750

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

A break above the 10-day MA (1.0778) would ease downward pressure

Support is at last week's 1.0686 low and Oct 31 low at 1.0635

EUR/USD may consolidate ahead of US CPI Wednesday and ECB decision Thursday

Market is pricing in around a 40% chance the ECB will hike 25 bps

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