• NY opened near 1.1540 after EUR/USD slowly moved upward overnight

• Rally extended early NY on broad-based USD selling, tighter US-DE spreads

• Gains in gold, silver and equities also contributed to the US dollar selling theme

• EUR/USD hit 1.1557 then dipped to 1.1540 as USD, US yields traded firmly

• The dip was bought as yields turned down & USD weakened again

• EUR/UDS sat near 1.1555late, the pair traded up +0.18% in NY's afternoon

• Techs lean bullish; RSIs are rising & EUR/USD is above the 10-, 21- & 55-DMAs

• Ongoing consolidation of gains off the July 28 low adds to bullish signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)