EUR/USD opens +0.39% after big recovery from 1.0381 low

Soft US data, falling US yields and quarter-end flows led to short-covering

EUR/USD a bit softer in early Asia, as outlook still bearish into new month

Despite fall in US yields, the spread between 10-year Bund and 10-year US Treasury yield widened in favour of the USD

Resistance is at the 10-day MA at 1.0519 and 21-day MA at 1.0546

Support between 1.0340/60 validated by yesterday's price action

EUR/USD trending lower with the 5.10 & 21-day MAs in a bearish alignment

Selling rallies is the favoured strategy

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