• NY opened near 1.1705 after 1.1760 traded overnight, the pair rallied in early action

• 1.1720 was neared as the USD, US yields & oil softened after rallying overnight

• EUR/USD selling emerged again on reports Iran hit ships, UAE oil port

• USD rallied again, USD/CNH turned positive & gold, stocks traded lower as risk soured

• EUR/USD hit 1.1681 then bounced slightly, sat near 1.1695 late, was down -0.23%

• The fall stopped short of the 200-DMA and key 1.1650-1.1680 support zone

• Falling daily, monthly RSIs, pair's hold below the 10- & 21-DMAs are bearish signals
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)