The EUR/USD pair edged lower in the early European session. The pair peaked at 1.1917 amid a resistance confluence. However, it lacked the strength to hold onto the gains. The renewed strength in the US dollar sponsored the downside momentum in the pair. EUR/USD is trading at 1.1886, down 0.19%.
The faster economic recovery in the US continued to bolster the performance of the US dollar against the majors. A sudden uptick in the US Treasury yields provided an additional boost to the greenback. The 10-year yields rose to a fresh intraday high of 1.69% from the lows of 1.66%. The US dollar index (DXY) was last seen trading at 92.29, with gains of 0.16%.