Opened in Asia at the upper end of......>

EURO-DOLLAR: Opened in Asia at the upper end of yesterday's $1.1730 to $1.1832

range, where softer than expected US inflation data and a perceived dovish Fed

hike, provoked widespread US dollar weakness. Local traders anticipate

consolidation ahead of the European open as Asia investors digest the latest

FOMC statement. In option space, close-by expiries for today at $1.1800(E1.2bn),

$1.1815-20(E1.12bn) and  $1.1860-65(E1.48bn), will likely see the near-term

range contained, at least for Asia. For now, the rally is stalling near the

daily I-cloud top at $1.1830, further resistance is located at $1.1855 (61.8%

fib $1.1940-$1.1718 decline), while support is expected around $1.1780 (Hourly

breakout level). Euro-dollar is currently changing hands at $1.1825.