• NY opened near 1.1080 after EUR/USD traded 1.1242-1.1073 on EBS overnight

• EUR/USD rallied early, 1.1135 was neared but sellers then emerged again

• US$ buying persisted & yields remained firmed during NY trading

• Equity gains, USD/CNH & gold drops reinforced bid for US assets, US$

• EUR/USD hit 1.10725 in NY's afternoon, traded down -1.51% late in the day

• Techs lean bearish; RSIs are falling & the 10-DMA is capping EUR/USD's upside

• Break of support in the 1.1150/1.1200 area reinforced the bearish signals

• German May ZEW & US April CPI are data risks in Europe and NY Tuesday
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)