Eur/Usd: Asia open $1.1733, range......>

EURO SUMMARY: Eur/Usd: Asia open $1.1733, range $1.1730-49. Europe open $1.1742,

range $1.1714-58.

* Monday recovery off $1.1722 extended to $1.1809 in Europe before NY pressed

rate back to $1.1728 ahead of close. 

* Early Asia saw rate recover to $1.1744, dipped to $1.1730 before it edged up

to $1.1749 into Europe. 

* Rate touched $1.1750 early Europe, dipped to $1.1730 again before bouncing to

$1.1758. 

* Moves were sene influenced by Eur cross activity, initial press lower in

Eur/Gbp then bounce back aided move.

* Eur/Usd struggled to hold gains, pullback eventually broke $1.1730, momentum

took it through $1.1720 to $1.1714.

* Profit take demand emerged to cushion the move, allowed rate to bounce back to

$1.1733.

* Flow driven trade in an otherwise data light calendar day.

* Support $1.1714(trend off $1.1554), $1.1680/70. Resistance $1.1760.