Continues to Find Thin Air Above $1.1840

Recovery away from the $1.1800 area Tuesday saw rate struggle to build above $1.1840, closing the day around $1.1834. Early Asia managed to get rate up to $1.1839 before what momentum there was faded and it began to drift lower. Move accelerated late in the session on the back of of a reversal in EUR/JPY (which had seen a quick move up to Y126.14 earlier), moving down to $1.1807 as EUR/JPY eased back toward its NY low of Y125.57(low Y125.58). EUR/USD expected to meet support from around $1.1805, talk in Asia that area between $1.1800/1.1790 could prove stronger. Minor support noted at $1.1780, stronger again into $1.1755/50. Interest still to buy EUR/USD in dips, though recent interest for this has faded some what due to recent weak growth outlook in the EZ(flash PMI's). Early month-end models have suggested USD sales to be seen Monday, though tomorrow could see some month-end US corporate USD demand emerge for Monday/month-end value. Thursday sees Fed Powell at Jackson Hole, most expect him to lean dovish. US Durable Goods at 1330BST provides the main data interest. ECB's Kazimir & Schnabel, Fed's Barkin due to speak.