*Aug2 Euro-dollar open $1.1802,........>

EURO SUMMARY: *Aug2 Euro-dollar open $1.1802, range $1.1794 to $1.1828

*Euro opened in Asia toward the lower side of yesterday's $1.1785 to $1.1844

range, where modest US dollar strength was the main theme

*After edging higher to $1.1818 modest US dollar strength took hold to push the

Euro down to $1.1794 before stalling

*As UST yields began to pare gains euro moved higher to $1.1810. Demand in

Euro-yen then pushed the pair to $1.1820

*Another round of stop driven demand in euro-yen from model accounts saw the

rate extend further to $1.1828 before fading

*Hourly tops at $1.1837-39 from yesterday provides immediate resistance, further

techs lie atop at $1.1844/46 (Aug1 high, Jul 31 high & Jan14 high 2015), while

Asia's base at $1.1794 is seen as support.

*Eurozone PPI provides the initial event risk for the session ahead