• NY opened near 1.1335 after EUR/UDS rallied 1.12745-1.1354 on EBS overnight

• 1.1303 traded after April employment report rallied US yields

& US$

• US$ turned lower however as upbeat risk sentiment sent investors to riskier assets

• USD/CNH fell to 7.2098 while stocks and gold after the jobs data

• EUR/USD buying emerged, pair traded 1.13815 then slid after Europe's close

• US$ buying emerged & yields extended earlier gains; EUR/USD neared 1.1315 late

• EUR/USD traded up only +0.22% in NY's afternoon which had send mixed signals

• Pair remained above 21-DMA & trend line off the Feb. 28 daily low are bullish

• Head & shoulder forming on daily chart, inverted daily hammer may worry longs
eurusd


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