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

EURO SUMMARY: 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.