The euro is facing resistance at the 200-period SMA despite the risk-on sentiment in equities. The Dollar remains under pressure with the current vaccine rollout optimism, however a continued rise in the US Treasury yields may weigh over the equities and boost demand for the dollar. Today, a big miss on the German ZEW Economic Sentiment and EU GDP could trigger a sell-off on the pair.
Support: 1.2085 / 1.2050
Resistance: 1.2170 / 1.2215
