At the end of Monday, EUR / USD strengthened to 1.1910 (+ 0.11%), although at the beginning of the trading session due to the EUR / GBP cross, the pair went down to 1.1871.
Sterling grew on news of a drop in quarantine restrictions in the UK. Since yesterday, pubs, gyms and hairdressers have opened in the country.
It is noteworthy that the strengthening of the pound, and then the euro, took place against the background of rising Treasury yields.
Today, major currencies except sterling are weakening against the dollar. USD / JPY and USD / CHF slipped the most. EUR / USD is trading at 1.1898.
If bond yields continue their uptrend, then EUR / USD will remain under pressure. Buyers are unlikely to have enough support from the European Forex crosses.
To continue the growth to 1.1930, the “bulls” should consolidate above 1.1905.
The nearest support is located at 1.1852.
US CPI and ZEW indexes for Germany are due today.