• NY opened near 1.1690 after 1.1590 traded overnight, rally extended in early NY

• Drop in US$, US yields & equity gains helped EUR/USD hit 1.1722

• US$ buying emerged though & yields firmed while gold, silver eroded some gains

• USD/CNH bounced off its session low & oil struggled to add to earlier losses

• EUR/USD slid from its early high, dipped below 1.1670 then bounced slightly

• The pair sat just below 1.1680 late in the day, traded up only +0.71%

• Rising RSIs and pair's move above 200-DMA & 12-month MA give bulls comfort
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)