*Sep7 Euro-dollar open $1.1917,........>

EURO SUMMARY: *Sep7 Euro-dollar open $1.1917, range $1.1916 to $1.1935

*Euro opened in Asia toward the lower side of the $1.1903 to $1.1950 range

witnessed by European and US markets yesterday, where modest US dollar strength

and a media report suggesting the ECB is unlikely to reach a decision to change

its QE policy before 26 October, undermined the Euro.

*The early move in Asia saw the Euro push higher from $1.1915 to $1.1935 before

stalling, the move was reportedly on the back of euro-yen demand

*Euro then dipped to $1.1919 on Euro-yen supply, S. Korean Premiere said, There

are expectations for N. Korea to launch a missile on Sept 9th'. This had been

widely tipped over the last day or so and proved to be just a knee-jerk

reaction.

*Euro then consolidated between $1.1921-28 for the balance of the session  

*Hourly resistance lies at $1.1950, while hourly support is found at $1.1908.

*ECB meeting takes centre stage today, investors will be looking for clues on QE

tapering and any reference to recent strength in the Euro.