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*Jul31 Euro-dollar open $1.1739,.......>

EURO SUMMARY
EURO SUMMARY: *Jul31 Euro-dollar open $1.1739, range $1.1732 to $1.1762
*Euro opened in Asia toward the upper side of Friday's $1.1671 to $1.1764 range,
where disappointing US data put the greenback on the defensive
*Demand early in the session pushed the Euro from $1.1737 to $1.1762 before
stalling
*Euro-yen supply related to the Tokyo-fix sent the Euro lower from the high
$1.1750's to $1.1735 before recovering to $1.1749 post-fix
*Fresh supply then sent the euro to $1.1732, heading to the opening of European
markets the pair remained at the low side of today's range
*Initial resistance lies at $1.1762/64 (Asia high/Jul28 high), while support is
located at $1.1705-15 (hourly lows from Friday).
*Focus now beginning to shift towards German Retail Sales and Eurozone CPI

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