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Eur/Usd: Asia open $1.1753, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1753, range $1.1750-66. Europe open $1.1751,
range $1.1731-55.
* Recovery off Thursday's low of $1.1662 extended to $1.1774 Friday. Trade in NY
contained by $1.1730-68, closed at $1.1760.
* Eur/Jpy sales countered early Eur/Usd rally, capped move at $1.1766 before
rate eased to $1.1750. 
* Recovery to $1.1763 was again met by Eur/Jpy supply which eased rate back
toward the earlier $1.1750 low into Europe. 
* A brief lift to $1.1755 early Europe again encountered Eur/Jpy sales which
pressed rate to an eventual low of $1.1731. 
* Rate recovered but met decent resistance at the Asia low of $1.1750 before it
drifted back to $1.1738. 
* Support $1.1730/20. Resistance $1.1750, $1.1765/70.
* Focus on ECB Draghi at Jackson Hole Friday though one bank highlights his
appearance in Landau on Wednesday.
* Fed Yellen due to speak in Jackson hole Thursday.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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