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*Aug31 Euro-dollar open $1.1884,.......>

EURO SUMMARY
EURO SUMMARY: *Aug31 Euro-dollar open $1.1884, range $1.1872 to $1.1897
*Euro opened in Asia at the low side of yesterday's $1.1881 to $1.1984 range,
where broad-based US dollar strength, supported further by upbeat US economic
data was the main theme
*Demand from momentum names in Euro-yen pushed euro-dollar higher from around
$1.1885 to $1.1897 before stalling
*Modest US dollar demand then took hold to send the Euro lower to $1.1872.
Recoveries were then held to $1.1883, another bout of US dollar buying saw
$1.1872 again tested.
*Support is located at $1.1866 (50% $1.1662-$1.2070), while hourly resistance is
seen at $1.1897
*German retail sales(0600GMT), French CPI(0645GMT) and German unemployment
(0755GMT) provide the initial event risks to the session ahead. 

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