*Nov8 Euro-dollar open $1.1587, range...>

EURO-DOLLAR: *Nov8 Euro-dollar open $1.1587, range $1.1586 tp $1.1606

*Euro opened in Asia toward the middle of the $1.1554 to $1.1616 range witnessed

yesterday, where a stronger US dollar and disappointing German Industrial

Production data, production contracted by 1.6% m/m, against consensus of -0.9%

m/m was seen to weigh on the single currency.

*Shortly after the open, Euro traded up from $1.1586 to $1.1606, with an article

in the Washington Post seen driving modest US dollar weakness and softer US rate

yields, the article said, Senate Republican leaders are considering a one-year

delay in the implementation of a major corporate tax cut, the paper cited four

people familiar with a draft legislation.

*For the balance of the session the Euro consolidated between $1.1592-99

*Close-by option strikes include; $1.1545-55(E$1.1bn), 1.1600(E911mn) and

$1.1640(E753mn)

*Support is located at $1.1554 (Nov7 low), with protection again expected ahead

of the $1.1550 option barrier, while resistance is found at $1.1616 (Nov7 high).