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• NY opened near 1.1625 after 1.1662 traded overnight, pair extended its slide

• USD, US yield gains weighed as did USD/CNH's rally to 6.8200

• The USD buying got a boost from drops in gold, silver and equities

• Wider US-German yield spreads added weight on EUR/USD

• EUR/USD fell below Monday's daily low, hit a 1-1/2-month low of 1.1592

• USD selling emerged & riskier assets bounced which helped lift EUR/USD

• The pair rallied toward 1.1610 late in the session, it traded down -0.40%

• Techs are bearish; RSIs indicate downward momentum & EUR/USD is below the 55-DMA

• The monthly inverted hammer for May reinforces the bearish tech signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)