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Euro opened in Asia at $1.1807 toward...>

EURO-DOLLAR
EURO-DOLLAR: Euro opened in Asia at $1.1807 toward the upper side of the $1.1740
to $1.1823 range witnessed yesterday, where upbeat European economic data and
softer US rate yields placed the single currency on the offensive. There is no
data or scheduled events to drive markets in Asia. Traders expect sideways
consolidation, while keeping an eye out for news headlines from the US
administration. Resistance lies at $1.1824/28 (Aug24-22 highs), while hourly
support is seen just below $1.1800.

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