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• Buyers took control right out of the gate to start the new trading week

• 0.6945-0.6990 traded, a 3-session high was hit, NY opened near that high

• The pair rallied above the 10-DMA, neared the 21-DMA, was up +0.64%

• US yield , USD/CNH drops helped to fuel the rally

• Rallies in gold, silver, copper and equities contributed the pair's gains

• Techs lean bullish; RSIs are rising, monthly bull hammer candle in place
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)