• NY opened near 1.1650 after 1.1665 traded overnight, bears reigned early-on

• Report from Iranian TV indicating the ceasefire could end drove risk-off sentiment

• USD, US yields and oil rallied sharply on the headline

• Equities, silver, copper turned down while gold added to losses; EUR/USD hit 1.1606

• The pair then bounced as USD selling faded & stocks, silver, gold moved upward

• Bounce intensified when Pres. Trump said no troops will go to Beirut after call with Netanyahu

• USD dropped, stocks & silver turned positive; EUR/USD neared 1.1640 late, traded down -0.23%

• Techs lean bearish; RSIs are falling, the pair trades below 21-, 55- & 200-DMA
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)