*Sep5 Euro-dollar open $1.1896,........>

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