Eur/Usd: Asia open $1.1667, range......>

EURO SUMMARY: Eur/Usd: Asia open $1.1667, range $1.1662-76. Europe open $1.1674,

range $1.1665-1.1720.

* Eur/Usd recovery Monday off $1.1638 touched a high of $1.1675 early NY then

settled around $1.1665 into the close. 

* Consolidation in Asia saw rate contained by $1.1662-76, the rate touching the

high ahead of Europe. 

* Early Europe pressed rate back to $1.1665 before strong demand emerged which

took rate though resistance at $1.1678. 

* Resistance levels at $1.1690 then $1.1700 eventually gave way before rate

edged on to $1.1720. 

* Eur/Jpy demand provided a good part of the upside pressure, aided by Eur/Gbp. 

* Corrective pullbacks during the move up remained shallow, the rate trading

around $1.1715 late morning. 

* Resistance $1.1725/30, $1.1732 100-dma with model offers $1.1740/45. Support

$1.1700, $1.1665/60. 

* ECB Panel discussion underway ahead of NY. (Yellen, Draghi, Kuroda, Carney)