• 0.7025-0.7005 traded overnight, NY opened near 0.7020, close to flat

• Pair's drop was aided by firm USD, US yields & stocks drop

• Bounce off the overnight low aided by gold, silver rallies off their lows

• A daily doji candle formed & pair traded within Thursday's daily range

• Consolidation of gains off the October 15 low appears to be in place

• Monthly bull hammer, rising monthly RSI highlight upside risks

• October S&P Global PMIs are data risks in NY's morning
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)