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Eur/Usd: Asia open $1.1790, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1790, range $1.1722-1.1812. Europe open
$1.1733, range $1.1732-1.1809.
* Fairly quiet start into Asian trade Monday, rate managed to mark highs of
$1.1812 before rate fell back.
* Reports that the German 'Jamaica' coalition talks had collapsed prompted a
general Eur sell off.
* Eur/Usd dropped to $1.1722 before it met willing buyers into $1.1720 which
cushioned. 
* Initial recovery effort was capped at $1.1750 before rate settled between
$1.1725-40  ahead of Europe. 
* Eur demand strengthened in Europe, and in a move led by Eur/Jpy and Eur/Gbp,
Eur/Usd managed to edge to $1.1809. 
* Momentum faded above $1.1800 and rate drifted back to $1.1790. 
* Market will be on the look out for German political and Brexit developments
for direction.
* Eur/Usd support $1.1750 ahead of $1.1722-20. Resistance $1.1809-12, $1.1822. 
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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