• EUR/USD hit 1.1182 overnight as German-French spreads

widened

• Buyers emerged however,1.1234 traded, NY opened near 1.1220, down -0.16%

• Lower US yields , USD/CNH drop helped to lift EUR/USD off the low

• Drop in oil and rallies in gold, silver also helped fuel the lift from the low

• A daily long legged doji formed which gives bulls some encouragement

• Falling RSIs, hold below the 21-DMA are worrying signals for bulls
eurusd

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