Eur/Usd: Europe open $1.1852, range....>

EURO SUMMARY: Eur/Usd: Europe open $1.1852, range $1.1837-75. NY open $1.1856,

range $1.1856-$1.1944. 

* The euro remained buoyed in much of the European session as better than

expected economic data continued to flow in helped by general euro strength in

thin markets. 

* Eur/Usd broke above $1.1860 ahead of the German Ifo data. As the data was

released the pair showed minimal upward reaction to stronger than forecast

headline German Ifo. 

* The pair pulled back from $1.1875 to $1.1855 as the dollar firmed momentarily.

The strength in the greenback did not last long as the single currency continued

its upward trend. 

* There was talk of $1.1800 psychological figure possibly serving as a point of

resistance, however, Eur/Usd continued on a tear, printing one intra-day high

after another. 

* Eur/Usd currently trading at $1.1928 with the $1.1944 (intra-day highs) as the

next point of technical resistance.