MNI: *Nov2 Euro-dollar open $1.1619, range $1.1613...>

MNI: *Nov2 Euro-dollar open $1.1619, range $1.1613 to $1.1672

*Euro opened in Asia at the lower side of Wednesday's $1.1606 to $1.1657 range,

where modest US dollar strength was the main theme

*Asia's response to reports that Powell was Trump's pick for Fed chair was to

sell dollars from the get-go, there was also angst over the Republican Tax Bill,

with some conjecture that corporate tax cuts may be only temporary and phased

out after a decade. Euro lifted higher from around $1.1615 to $1.1672 without

too much of a pullback

*Failure to overcome technical resistance caused a pullback to $1.1650 and for

the balance of the session the pair was confined to trade in the $1.1650's

*Close-by option expiries for today include; $1.1600(E1.31bn),

$1.1605-10(E1.03bn), $1.1650(E1.52bn), $1.1670(E777mn) and $1.1700-05(E1.29bn)

*Resistance is noted at $1.1675/80 (38.2% $1.1837-$1.1575/Hourly highs Oct26),

while Asia's low of $1.1613 provides support

*German unemployment and EU manufacturing PMI will provide the early focus for

the session ahead.