• NY opened near 1.1625 after 1.1608 traded overnight, rally extended in NY

• 1.1657 hit early NY as USD, US yields , oil

traded downward

• USD/CNH drop toward 6.7980, gains in gold, silver also helped the pair rally

• Yields, USD & oil then firmed, EUR/USD slid to 1.1634 then neared 1.1650 late

• EUR/USD was up +0.20% late in the day & daily techs flashed warnings to bears

• RSI diverged on the 1-1/2-month low & EUR/UDS pierced the 55-DMA
eurusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)