• NY opened near 1.1290 after 1.1212 traded on EBS overnight, pair fell early

• 1.1268 traded, buyers emerged and the pair turned positive on the session

• US yields , US$ fell sharply after US jobless claims & GDP reports

• German-US spreads tightened, gold rallied & UDS/CNH neared 7.1825

• A strong US 7-year auction helped keep the dollar and yields under bearish pressure

• EUR/USD rallied above the 5-DMA, Wednesday's high, traded 1.1380

• US$ firmed a bit & EUR/USD slid slightly, neared 1.1365, traded up +0.67% late

• Rising daily, monthly RSIs & daily bull engulfing candle highlight upside risks

• Monthly bullish hammer, move above 21-DMA, daily cloud top reinforce bull signals
eurusd


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