• NY opened near 1.1605 after 1.1575 traded overnight, rally extended early-on

• Soft USD, US yields & downward move in oil

buoyed the pair

• Rallies in gold, silver and equities also gave a boost, EUR/USD hit 1.1620

• USD & yields then firmed & gold, silver eroded some gains while USD/CNH moved upward

• EUR/USD erased the early NY gains, hit 1.1597, sat nearby late, the pair was up +0.30% late

• Rising daily RSI, move above the 10-DMA are encouraging tech signs for EUR/USD bulls

• Falling monthly RSI, long upper wick on today's candle could be worries for bulls however
eurusd


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