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The single currency opened in Asia at...>

EURO-DOLLAR
EURO-DOLLAR: The single currency opened in Asia at $1.1830 at the lower side of
the $1.1827 to $1.1880 range witnessed yesterday, where solid US data and ECB's
Draghi concerns on wage inflation, placed the greenback on the front foot. There
is no data in Asia likely to impact trading, local traders anticipate the Euro
to consolidate with a mild downside bias. Key-support is located at $1.1799
(38.2% fib $1.1670-$1.1880 rise), while hourly resistance is seen just above
$1.1850.

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