EUR/USD Rebounds Toward 1.14 as Dollar Bulls Fade on Yields

EUR/USD is rebounding toward the 1.14-1.15 zone after holding above the 1.1350-1.1365 support area. The pair gained modest ground as the dollar retreated from yearly highs despite stronger-than-expected U.S. Q1 GDP data. Earlier in the week the greenback advanced versus the euro amid shifting Fed expectations, but falling Treasury yields and improved German consumer confidence have since capped further downside. Technical forecasts now point to a test of 1.14-1.15 resistance, where signs of exhaustion may emerge.