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*Nov20 Euro-dollar open $1.1790,.......>

EURO SUMMARY
EURO SUMMARY: *Nov20 Euro-dollar open $1.1790, range $1.1722 to $1.1812
*Euro-dollar opened in Asia toward the middle of Friday's $1.1765 to $1.1822
range, where weaker US rate yields underpinned the single currency
*News that German coalition talks had collapsed caused widespread euro weakness,
the pair dropped quickly from around $1.1790 to $1.1722  
*Recoveries were held to $1.1751, euro then consolidated between $1.1725 and
$1.1750 for the balance of the session
*Support is seen at $1.1723/17 (Broken resistance line, Intraday low Asia), just
below at $1.1714 lies a daily trend-line drawn off $1.1554 low, while resistance
is found at $1.1751/57 (Hourly resistance & Nov16 base now acting as resistance)
*Focus now is on the European open and how their react to the news from Germany.

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