• NY opened near 1.1410, the pair fell to 1.1396 in early action, buyers then emerged

• Bulls charged ahead after the downbeat US June employment report

• USD was sold, US yields fell & US-DE spreads

tightened

• USD/CNH drop to 6.7840, rallies in gold, silver & equities helped EUR/USD hit 1.1472

• The pair made an 8-session high then pulled back as the USD firmed & risk softened

• EUR/USD dipped below 1.1440 in NY's after but still traded up +0.52% late in the day

• Rally above the 10-DMA and rising RSIs are bullish technical signals
eurusd


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