• NY opened near 1.1465 after EUR/USD hit 1.1452 on EBS overnight

• An early dip to 1.1457 met buyers however, US$ then started falling

• Drop intensified with help from rate cut rhetoric from Fed's Bowman

• US yields fell, DE-US spreads tightened

• USD/CNH dropped below 7.1780 while stocks rallied

• US$ fell further & oil dropped after Iran launched missiles into Qatar

• EUR/USD rallied above the 10-DMA, turned positive then hit a 4-session high

• 1.1570 was neared, EUR/USD traded up +0.38% in NY's afternoon

• Daily bull hammer candle, rising RSIs give technicals bullish lean
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)