*Aug11 Euro-dollar open $1.1772,.......>

EURO SUMMARY: *Aug11 Euro-dollar open $1.1772, range $1.1762 to $1.1777

*Euro opened in Asia toward the upper side of the $1.1704 to $1.1785 range

witnessed yesterday, where dovish rhetoric from Fed's Dudley placed the

greenback on the defensive.

*Euro eased from around $1.1775 to $1.1764 on Euro-yen supply before recovering

*Pullbacks were limited to $1.1777, where further euro-yen supply pushed the

Euro down to $1.1662 before stalling

*For the balance of the session, euro consolidated between $1.1770-76.

*Resistance is located at $1.1800 (50% $1.1910-$1.1689), while support is found

at $1.1748 (38.2% $1.1689-$1.1785).

*Option expiries for today include; $1.1700(E1.17bn), $1.1750-65(E2.48bn) and 

$1.1825(E760mn)

*German CPI (0600GMT) provides the initial risk event for the session(s), which

also includes US CPI (1230GMT) and speeches from Fed's Kaplan (1340GMT) and

Kashkari (1530GMT)