• NY opened near 1.1535 after EUR/USD drifted downward in overnight trading

• Pair rallied after US July CPI met estimates sank USD, US rates

• US-German yield spreads tightened to add fuel to the rally

• Gains in stock, gold, silver and USD/CNH's drop also added buoyancy

• EUR/USD hit 1.1566, sellers emerged however and the pair turned lower

• USD buying emerged, USD/CNH moved upward & stocks, gold, silver eroded some gains

• EUR/USD fell to 1.1522, the pair traded down -0.18% in NY's afternoon

• Techs now worry bulls; daily inverted hammer formed, daily RSI is falling

• August's monthly gravestone doji adds to concerns for EUR/USD bulls
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)