Asia open $1.1734, range $1.1721-77....>

EURO SUMMARY: Asia open $1.1734, range $1.1721-77. Europe open $1.1749, range

$1.1712-52.

* FOMC seen dovish and added to pressure on the Usd Wed. Eur/Usd rallied from a

dip of $1.1629 to $1.1740 ahead of close. 

* Move up was aided as stops were triggered through $1.1712-14.

* Rally extended to $1.1748 in early Asia before momentum faltered, rate then

drifted back off to $1.1721. 

* Recovery tripped stops above $1.1750 to take rate on to an extended high of

$1.1777. 

* Rate eased to the $1.1748 area into the European open.

* Euro remained under corrective pressure in Europe, met initial support at

$1.1715 before it retested the $1.1712 level. 

* Rejection from here edged rate to $1.1734 but was struggling to build decent

upside momentum. 

* Traders would be tentative buyers into $1.1710, more confident on dips into

$1.1690/75.