*Aug29 Euro-dollar open $1.1979,.......>

EURO SUMMARY: *Aug29 Euro-dollar open $1.1979, range $1.1956 to $1.1986

*Euro-dollar opened in Asia toward the upper side of the $1.1917 to $1.1984

range witnessed yesterday, where broad-based dollar weakness remains the theme

following last week's Jackson Hole symposium.

*After making a marginal new high of $1.1986 euro-yen supply amid the latest N.

Korean missile launch sent euro-dollar down to $1.1957 before meeting demand

*Upticks were limited to $1.1973, further euro/yen sales then pushed the rate

down to $1.1962

*As euro-yen began to consolidate, euro-dollar followed suit and did not stray

too far from $1.1970

*Support is located $1.1952 (50% fib on $1.1917-$1.1986 rise), while heavy

protection is expected ahead of the $1.2000 barrier.

*German Gfk Consumer Confidence(0600GMT), French Consumer Confidence and Q2 GDP

both at 0645GMT provide the event risk for the session ahead.