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Eur/Usd: Asia open $1.1904, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1904, range $1.1887-1.1916. Europe open
$1.1927, range $1.1900-40. 
* Usd sales into Thu's end month fix saw Eur/Usd rally to $1.1932. Rate eased to
$1.1886 post fix, closed above $1.1900. 
* Early Asia marked a low of $1.1887 before rate recovered through the session
to $1.1933 into Europe. 
* Early Europe sold back into this rally, eased rate to $1.1907 before Eur/Gbp
demand drove it back up to $1.1940. 
* Release of EZ Mfg PMI data weighed on Dax and pressed Eur/Usd off to
$1.1900/1.1895 where it met support.
* Fed Bullard and Kaplan speak at 1405 and 1430 respectively.
* US Mfg PMI(1445GMT) then ISM Mfg(1500GMT), along with US Construction Spending
in focus. 
* US Tax Bill vote was postponed last night. Revised version likely to be voted
on around 1600GMT.
* Support $1.1886, $1.1865-50. Resistance $1.1940, $1.1960-65. 
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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