• EUR/USD hit 1.1506 in Asia, buyers emerged, 1.1569 traded in Europe's morning

• NY opened near 1.1545, the pair traded up +0.15% in early action

• Broad-based US$ selling lifted the pair, hopes for US-Iran deal weighed down the US$

• Drops in oil, USD/CNH helped buoy EUR/USD; gold, equity gains also helped the lift

• Some US$ buying into NY's open helped EUR/USD drop from its overnight high

• EUR/USD fell back below the 10- & 21-DMAs which could be concerns for bulls

• US March non-mfg PMI & Pres. Trump's Tuesday deadline for Iran deal are key risks
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)