• NY opened near 1.1535 after 1.1512 traded overnight, the pair rallied early

• USD, US yields , USD/CNH fell after below estimate US July PPI

• Upward moves in stocks, gold, silver helped fuel the EUR/USD lift

• 1.1546 traded but USD buying emerged and EUR/USD fell, sat near 1.1525 late

• The pair traded up only +0.035 in NY's afternoon and a daily doji formed

• Daily RSI diverged on today's 7-session low which is encouraging for bulls

• Pair's hold above the 21- & 55-DMAs, rising monthly RSI also give bulls comfort
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)