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Opened in Asia toward the lower side....>

EURO-DOLLAR
EURO-DOLLAR: Opened in Asia toward the lower side of yesterday's rather narrow
$1.1757 to $1.1801 range, where firmer US rate yields underpinned the greenback.
There is no economic data or scheduled events in Asia likely to influence
direction. Sideways consolidation is expected ahead of the European open. Below
yesterday's base key-support is located at $1.1744, which marks 38.2% fib
retracement on $1.1554-1.1861 rise and also the 100-dma, while resistance is
found at $1.1801 (Nov16 high). Euro-dollar was last at $1.1770.

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