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*Nov7 Euro-dollar open $1.1609,........>

EURO SUMMARY
EURO SUMMARY: *Nov7 Euro-dollar open $1.1609, range $1.1602 to $1.1616
*The single currency opened in Asia at $1.1610 toward the upper side of
yesterday $1.1580 to $1.1624, where softer US rate yields and upbeat German
Factory Orders helped to underpin the Euro
*Slightly firmer UST yields encouraged modest demand for the greenback, the rate
slipped lower from $0.1616 to $1.1602 before recovering to $1.1611
*Resistance lies at $1.1624 (Nov7 high), while demand has been cited between
$1.1575-85, which also fits in nicely with the technical picture, $1.1575-80
marks two recent lows on Oct27 and Nov6
*German Industrial Production provides the event risk for the upcoming session

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