• NY opened near 1.1240 after 1.1203 traded overnight, rally extended in NY

• USD, US yield drops & tighter US-DE spreads

buoyed

• Oil, USD/CNH drops & rallies in gold, silver and stocks also contributed to the lift

• 1.1276 traded; USD firmed a bit & EUR/USD neared 1.1260 late, up +0.32%

• Rising daily RSI, rally after Monday's bull hammer are concerns for EUR/USD bears

• The long lower wick on October's monthly candle is also a concern for bears
eurusd

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