Eur/Usd: Asia open $1.1870, range......>

EURO SUMMARY: Eur/Usd: Asia open $1.1870, range $1.1869-89. Europe open $1.1880,

range $1.1874-89.

* Recovered off its pullback low of $1.1831 Thursday to $1.1893, eased to

$1.1861 then closed around $1.1870.

* Following touch of $1.1893 recovery efforts were capped on two occasions at

$1.1889.

* Rate edged to $1.1886 in early Asia, off opening low of $1.1869, eased to

$1.1871 before recovery was capped at $1.1889.

* Rate eased to $1.1874 early Europe, recovery again met stiff resistance at

$1.1889, then settled above $1.1880.

* Rate retained an underlying buoyant tone through Europe morning though traders

wary of strong dollar react to US NFP/AHE.

* Median for NFP seen at 180k. One economist suggests below 150k to prompt

further dollar losses.

* Overall, most see the dollar open to recovery gains, would need shock release

to counter this outlook.