• NY opened near 1.1050 after EUR/USD rallied 1.0805-1.1147 on EBS overnight

• Pair hit 1.1135 early on the back of US yield , US$ drops

• Tighter DE-US spreads also helped underpin the pair

• US yields and dollar firmed up & EUR/JPY slid back below 161.00

• Gold and stocks continued to trade lower on the session

• EUR/USD erased some gains, pair traded below 1.1025 late, was up +1.62%

• Techs are bullish; 76.4% Fib of 1.1214-1.0125 broke, RSIs are rising

• EUR/USD hold above 200-, 21- & 5-DMAs reinforces the bullish signals

• US March payroll data & Fed's Powell remarks are major risks Friday
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)