Europe managed to extend the topside....>

EURO-DOLLAR: Europe managed to extend the topside to $1.1326, after Asia had

been held within a $1.1305-22 range, before USD demand into NY pressed rate down

to $1.1278 before it settled between $1.1280-95 after the European close. Asian

traders earlier suggested that rate was likely to be held within a prophetic

short term range of $1.1270-1.1330(see 0703GMT bullet). Outside of this area

further resistance noted at $1.1340 ahead of $1.1350/60 and $1.1380. Support

$1.1250.

- A good line up of ECB speakers Wednesday including ECB President Mario Draghi,

speaking in Frankfurt(0800GMT), along with ECB Chief Economist Praet(0845 GMT),

ECB Vice President de Guindos(1045GMT) and ECB Executive Board member

Mersch(1330GMT).