• EUR/USD hit a 1-month low of 1.1354 in Europe, NY opened near 1.1365

• The pair steadily rallied in NY's morning as USD buying dried up & yields fell

• Added weight fell upon USD due to stock gains, bounce in in gold & silver

• EUR/USD turned positive, hit 1.1405, neared 1.1390 late, traded up +0.22%

• Daily RSI diverged on the low and a daily doji candle formed, could worry bears

• EUR/USD remains below 10- & 21-DMAs, trend line off May 11 high, are bear signals

• July's monthly inverted hammer, falling monthly RSI are bearish as well
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)