*Aug1 Euro-dollar open $1.1842,........>

EURO SUMMARY: *Aug1 Euro-dollar open $1.1842, range $1.1820 to $1.1844

*Euro opened in Asia at the upper side of yesterday's $1.1723 to $1.1846 range,

where broad-based US dollar weakness and month-end fixing demand combined to

underpin the euro.

*In what was a low key affair in Asia, the euro eased from $1.1844 to $1.1820.

The move was said to be technically driven, a correction to the short-term

overbought studies. 

*Rallies were held to $1.1834 and heading toward the London open euro trades at

$1.1827.

*Option strikes for today include; $1.1600-10(E951mn), $1.1750(E636mn) and

$1.1800(E975mn)

* Initial resistance lies at $1.1846 (Jan14 high 2015, Jun31 high), while

support is located at $1.1799 (38.2% fib of yesterday's rise)

*Eurozone PMI's, German Employment data and EU GDP provide the event risks for

the session ahead