• NY opened near 1.1625 after EUR/UDS rallied sharply in Europe's morning

• Rally extended early NY on USD, US yield , UDS/CNH, oil drops

• Additional weight added to USD due to gains in gold, silver and equities

• EUR/USD rallied above the 10-DMA, hit 1.1646 then started sliding down

• USD firmed up in NY's afternoon, EUR/USD neared 1.1620 late, was up only +0.20%

• Head & shoulders on monthly chart, pair's hold below 10-, 21-, 55- & 200-DMAs worry bulls

• US May employment report is a key risk for Friday
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)