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Eur/Usd: Asia open $1.1796, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1796, range $1.1789-1.1809. Europe open
$1.1792, range $1.1787-1.1805. 
* Recovery off Wednesday's low of $1.1781 extended to $1.1809 in early Asia
Thursday.
* Rate then bounced between $1.1793-1.1807 before rate eased to $1.1787 in early
Europe. 
* Rate recovered to $1.1805 before it settled between $1.1788/98 through the
balance of the European morning. 
* No major data or news led to subdued trade with market turning attention
toward Friday's US Employment Report. 
* Nearby strikes rolling off today $1.1745-50(E1.23bn), $1.1800(E1.09bn) and
$1.1865-75(E949mn) help to contain.  
* US Weekly Jobless Claims at 1330GMT provides data interest into the NY session
(no bearing on Friday NFP).
* Eur/Usd support $1.1781, $1.1772. Resistance $1.1810, $1.1825/35. 
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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