• NY opened near 1.1650 after 1.1676-1.1617 traded overnight, selling took hold early

• Gains in US yields , rates brought out the USD buyers again

• Wider US-DE spreads & sharp gains in oil

helped sink EUR/USD

• Gold, silver, stock drops & USD/CNH rally helped underpin the USD buying

• EUR/USD hit 1.1619 then sat near 1.1630 late, the pair was down -0.35% in late in the day

• Techs lean bearish; RSIs are falling, pair is below the 200-DMA & broke below the 55-DMA

• Monthly inverted hammer for May, break below 1.1650/70 zone reinforce bearish signals
eurusd


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