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Eur/Usd: Asia open $1.1826, range.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Eur/Usd: Asia open $1.1826, range $1.1816-48. Europe open $1.1844,
range $1.1812-44.
* Recovery off Tuesday's low of $1.1801 touched $1.1830 in NY, and held firm
into the close. 
* Rate continued to push up on $1.1830 in early Asia, dipped back to $1.1816
before it broke up to $1.1848 on Real Money demand. 
* Rate struggled to hold gains, found support at $1.1836 then recovered to
$1.1845 into Europe.
* Fresh sales emerged in Europe which allowed rate to step its way down to an
eventual low of $1.1812.
* Recovery effort met resistance in the area between $1.1825/30.
* Little reaction seen to release of German Factory Orders data and Mersch
comments. 
* Bids reported to remain in place into $1.1800, stops noted below. Resistance
$1.1845/50. 
* US ADP 1315GMT(ahead of Friday NFP) to provide interest into early NY trade.  
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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