EUR/USD bounces, but struggling with 1.06 resistance

EUR/USD has bounced off the 1.0520 level and there is talk that sovereign names had demand for Euros at those levels
However, bears remain in control and the pair didn’t sustain momentum above 1.06
Offers are reported at 1.0620 and in better size around 1.0680
Key resistance now at 1.0720, break above that level needed to trigger larger short squeeze
Price action likely to become more quiet in the next few sessions as traders are waiting for the ECB meeting on Wednesday