The greenback is the strongest across the FX board, helped by rising US government bond yields. EUR hurt by ECB’s Holzmann comments, hinting at no rush to taper. Weak inflation in the Union puts no pressure on policymakers.

The pair is currently trading below its 20SMA on the H4 chart and has struggled to find a near-term direction. However, with NFP on the horizon, we could see further strength around the US Dollar bull case, where breaking below 1.19 would signal supports around the 23.6% fib retracement zone at 1.18368.

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