• NY opened near 1.1745 after 1.1687 traded overnight, rally extended in early NY

• USD softness, gold's bounce off its low, oil's pull back from its high lifted EUR/USD

• The pair pierced the 10-DMA, hit a 3-session high, EUR/USD traded 1.1754

• Sellers emerged however as USD, yields , oil traded upward

• USD/CNH rally toward 6.8270 & losses in gold, silver weighed on EUR/USD

• EUR/USD neared 1.1720 late in the session, the pair traded near flat in NY's afternoon

• The pair's inability to hold above the 10-DMA could be a concern for bulls
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)