EUR/USD: Bulls look for a second chance to surpass 1.0600

German 10y Bund yields approach the 1.00% mark.regains some composure and retargets the 1.0600 region following an earlier drop to the mid-1.0500s at the end of the week.EUR/USD comes under some mild selling pressure following Thursday’s sharp rebound. The abrupt move higher was triggered exclusively by another bout of dollar weakness, although a close above the key 1.0600 mark still remains elusive for EUR-bulls.

In the euro docket, the only release of note will be the flash Consumer Confidence gauged by the European Commission for the month of May . There are no scheduled publications or events across the pond on Friday.The weekly recovery in EUR/USD has so far met strong resistance around 1.0600. Despite the pair removed some downside pressure, the broader outlook for the single currency remains entrenched in the negative territory for the time being.

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