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

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

unchanged around 1.2275.

- Thursday risk events for the Euro include the final services & composite PMI

releases from across the block, as well as Eurozone retail sales data.

- The cross has a number of notable FX option expiries set to roll off at

today's 10AM NY cut, which could limit price action; $1.2145-55 (E531mln),

$1.2200 (E998mln), $1.2300 (E705mln), $1.2325 (E518mln), $1.2360 (E1.46bln),

$1.2370-75 (E1.2bln), $1.2400 (E1.1bln).

- From a technical perspective EURUSD bulls still need a close above the low

from Mar 27 which now forms resistance (1.2371) to gain breathing room. To the

downside, a close below the daily bull channel base (1.2231 today) would

initially target 1.2092-1.2153.