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*Aug8 Euro-dollar open $1.1795, range...>

EURO-DOLLAR
EURO-DOLLAR: *Aug8 Euro-dollar open $1.1795, range $1.1791 to $1.1824
*Euro opened in Asia toward the middle of yesterday's $1.1766 to $1.1814 range,
where consolidation was the main theme
*After trading sideway around $1.1800, demand surfaced to see the euro take out
yesterday's $1.1814 high and post a top of $1.1824
*The move appeared to be a one off flow, once that interest dried up the euro
edged lower to $1.1807 and consolidated around $1.1810 heading towards the
European open
*Resistance lies at $1.1841, which marks the 61.% fib retracement on the
$1.1910-$1.1728 decline, while hourly support is located at $1.1781. 
*German & French Trade and Current Account data for June provides the event risk
for the session ahead

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