Eur/Usd: Asia open $1.1979, range......>

EURO SUMMARY: Eur/Usd: Asia open $1.1979, range $1.1956-86. Europe open $1.1974,

range $1.1972-1.2070.

* Eur/Usd recovery off Monday low of $1.1917 extended through its earlier Asia

high of $1.1965 to $1.1984 in NY.

* N.Korean missile launch across Japan prompted risk sales of Eur/Jpy, pressed

Eur/Usd to $1.1956.

* Rate recovered through the balance of the session to $1.1977.

* Europe kept upside pressure on, the eventual break of a large $1.2000 barrier

spiked rate to $1.2033.

* Pullback contained at $1.2018 before fresh demand emerged that took rate

through next barrier at $1.2050 and on to $1.2070.

* Pullbacks found support just under $1.2050 at $1.2048 before rate settled

above $1.2060 late morning.

* Dollar under pressure across the board, though progress vs Jpy proving tough.

DXY below key 91.93.

* Corrective pullbacks holding shallow seen keeping Eur/Usd upside in focus.