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*Aug7 Euro-dollar open $1.1771,........>

EURO SUMMARY
EURO SUMMARY: *Aug7 Euro-dollar open $1.1771, range $1.1771 to $1.1802
*Euro opened in Asia toward the lower side of Friday's $1.1728 to $1.1889 range,
where upbeat US NFP data encouraged broad-based US dollar strength
*Euro-yen demand pushed the Euro up from $1.1771 to $1.1793 before fading
*Demand from macro names helped the Euro climb from around $1.1780 to $1.1802
before stalling
*Traders noted a large option expiry for today at $1.1800 (E798mn) that may act
to contain the near-term range
*Resistance is seen at $1.1819, which marks the 50% fib retracement on the
$1.1910-$1.1728 decline, while support is located at $1.1728/23 (Aug 5, Jul31
lows)
*German Industrial Production provides the event risk for the session ahead, due
at 0600GMT

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