EUR/USD opened -0.90% at 1.0712 after USD and JPY surged across the board

After trading 1.0707 it tracked higher led by a 0.5% drop in USD/JPY

USD selling continued, as risk assets steadied and USD/CNH fell from highs

EUR/USD is trading close to the 1.0735 session high into the afternoon

Resistance is at former support at 1.0755/65 where sellers are tipped

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

Only a break above the 10-day MA at 1.0804 would suggest bottom is forming

The next level of decent support is the 2020 low at 1.0636

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