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EURO SUMMARY: *Sep5 Euro-dollar open $1.1896, range $1.1890 to $1.1910
*Euro opened in Asia toward the upper side of the $1.1852 to $1.1922 range
witnessed yesterday, where broad based US dollar weakness was the theme.
*With the focus on yen amid increased N Korean jitters, euro-dollar was largely
side-lined in Asia, confined to a tight $1.1890 to $1.1910 range, trapped by
large option expiries for today.
*Option expiries for today include; $1.1850(E693mn), $1.1870-75(E1.19bn),
$1.1900(E500mn) and $1.2000(E1.49bn)
*Hourly support is located at $1.1874, while initial resistance is found at
$1.1922 (Sep4 high).
*European PMI's composite/services provides the event risk for the session ahead