Eur/Usd: Asia open $1.1866, range......>

EURO SUMMARY: Eur/Usd: Asia open $1.1866, range $1.1862-77. Europe open $1.1868,

range $1.1842-77. 

* Eur/Usd recovery off Monday lows of $1.1829 extended to $1.1868 into the

close.

* Asia took move on to $1.1877 before momentum faded and rate drifted off to

$1.1866 into Europe.

* Europe extended this correction to $1.1863 before a sharp bounce back saw rate

retest the Asian high of $1.1877. 

* Another rejection from this level saw rate pressed to an eventual low of

$1.1842($1.1840 76.4% $1.1829-77).

* Rate recovered to $1.1859 before it settled between $1.1850/55 late morning. 

* Release of final EZ Services and Composite PMI data saw little to no reaction,

EZ data confirmed the flash release. 

* US Trade data at 1330GMT followed by non-manufacturing PMI and ISM at

1445GMT/1500GMT respectively.

* Support $1.1840-29. Resistance $1.1877/80.