• NY opened near 1.1540 after 1.1560 traded overnight, choppy trade in early NY

• Bears eventually took over as USD was bought, US yields

rallied

• Soured risk sentiment gave an added boost to the USD buying theme

• Gold, silver, stocks fell & USD/CNH gained due to risk-off trading

• EUR/USD fell to 1.1515, sat nearby late, traded down -0.29% in NY's afternoon

• Techs are mixed; RSIs falling but pair above 10-, 21- & 55-DMAs

• Ongoing consolidation of gains off the July 28 low is a bullish signal

• US June payroll report in focus, may be the catalyst for the next directional move
eurusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)