• NY opened near 1.1475 after 1.1456 traded overnight, rally then extended

• Downward moves in USD, US yields , oil helped fuel the rally

• Gold, silver and equity gains added fuel as they helped drive USD selling

• USD/CNH's drop to a fresh 3-3/4 year low contributed buoyancy to EUR/USD

• EUR/USD hit 1.1498 then dipped as USD & oil firmed in NY's afternoon

• The pair traded up +0.12% late which had daily techs warn EUR/USD bears

• Daily RSI diverged & the pair couldn't hold below the 61.8% Fib of 1.1325-1.1711
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)