Euro-dollar opened in Asia at $1.1767...>

EURO-DOLLAR: Euro-dollar opened in Asia at $1.1767 at the upper side of the

$1.1682 to $1.1779 range witnessed yesterday, where Trump's move to dissolve two

business councils and Fed's inflation concerns placed the greenback on the

defensive. There is no significant economic data in Asia to impact trading,

traders expect sideways consolidation ahead of the European open and the release

of Eurozone July CPI. Traders also note, a number of large expiries for today;

$1.1700(E1.26bn), $1.1795(E1.41bn) and $1.1800(E1.21bn) that may act to contain

the near term range. Resistance is located at $1.1784 (61.8% $1.1847-$1.1682),

with supply cited around $1.1800, while hourly support lies just above $1.1730.

Euro was last at $1.1772.