The resilience of US yields in the face of another positive CPI data print points to ongoing US Dollar support over the short-term. Yield should be a greater influence which points to a grind lower for EUR/USD. 

The risk of a spike in volatility, if it were to materialise, could be from China and any increased concerns over China's growth would likely weigh on EUR/USD as well. This view of some Dollar strength is a short-term view reflecting possible quiet trading conditions over the coming few weeks.