• EUR/USD rallied to 1.1645 in Europe's morning & just ahead of NY's open

• Sellers emerged in NY as USD buying intensified & oil

traded up

• USD/CNH turned positive & gold, silver traded down to reinforce the USD buying

• US yields firmed up a bit which added some buoyancy to the USD

• EUR/USD fell to 1.1617 then bounced a bit, sat near 1.1625 late, was down -0.17%

• Techs lean bearish; RSIs are falling & pair is below 10-, 21-, 55- & 200-DMAs

• Potential head and shoulder top on monthly chart adds to bearish sentiment
eurusd


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