• EUR/USD came out of its late-March tailspin to flatten up pre-holiday, NFPs

• First higher daily high since March 22, holds above 21-day BB, 1.17 bids

• EZ final mfg PMI at survey high, but little changed from initial reading

• US ISM mfg index at 37-yr high, but Treasury yields down amid consolidation

• EZ govt bond ylds also lower, ECB keeping a lid on them & euro nL1N2LU1IC

• Recovery faces dire EZ pandemic vs rapid U.S. vaccinations, moderated cases

• But U.S. pandemic divergence trade and Tsy yield recovery well along now

• Friday's payrolls next, though options market is stoic into the event risk

• Initial resistance is by 1.1800 from dn TL from Feb, week's high & 10-DMA

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