EURUSD stuck to a tight range in........>

EURO-DOLLAR: EURUSD stuck to a tight range in Asia-Pacific hours, last trading

at 1.2265.

- Immediate focus will fall on the Eurozone's Prelim Mar CPI data, set for

release later today. Analysts look for the headline to tick up to 1.4% Y/Y, with

the core measure seen at 1.1% Y/Y, against respective prior readings of 1.1% &

1.0%.

- The early Easter holiday should support the release, although the softer than

expected German & Spanish CPI releases introduce an element of downside risk to

the release.

- EURUSD continues to look offered with immediate focus on 1.2225-1.2240 where

the bull channel base is noted. Layers of resistance accumulating add weight to

the bearish case. Bulls now need a close above the Mar 27 low of 1.2371 to gain

breathing room.