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Eur/Usd: Europe open $1.1830, range....>

EURO SUMMARY
EURO SUMMARY: Eur/Usd: Europe open $1.1830, range $1.1824-51, NY open $1.1846,
range $1.1840-56
* Dovish tones in the FOMC Minutes(though not seen offsetting Dec hike) kept
pressure on the Usd in Asia.
* Upside euro pressure persisted for much of Europe helped by stronger than
expected mfg PMIs from France, Germany and the Eurozone.
* There were also reports that Germany's SPD party said it was open to talks
with the Merkel government according to BBG possibly helping the euro push
higher.
* Eur/Usd slowly edged upwards printing intra-day highs of $1.1886. Resistance
seen at $1.1886 highs (61.8% $1.2092-$1.1554) and followed by $1.1937 (Sep25
high)
* Traders look ahead to German Ifo data tomorrow at 0900GMT.

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