• NY opened near 1.1645 after 1.1621 trade din Asia, the pair rallied early

• Softness in USD, US yields , oil helped EUR/UD hit 1.1656

• Sellers then emerged as USD, yields firmed & oil turned up on the session

• Erosion of some gains in gold, silver and stocks helped add weight on EUR/USD

• The pair turned lower on the session, hit 1.1621, was down -0.09% late in the day

• Daily inverted hammer formed after EUR/USD neared the 55-DMA

• Drop below the 10-DMA & falling daily, monthly RSIs are concerns for EUR/USD bulls
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)