• NY opened near 1.1435 after EUR/USD traded 1.1385-1.1446 in Asia & Europe

• The pair began falling in early NY as the USD & US yields

gained

• EUR/USD's drop then intensified as risk soured; gold, silver, equities sank

• USD/CNH's rally into positive territory and persistent USD bid weighed on EUR/USD

• Comments from Pres. Trump on the Strait of Hormuz kept risk-off in place

• EUR/USD hit 1.1383 during comments from the Fed's Waller

• The pair held near 1.1385 late, it traded down -0.21% in NY's afternoon

• Techs lean bearish; RSIs are falling, pair below 10- & 21-DMA, daily inverted hammer formed
eurusd


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