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

EURO-DOLLAR: Opened in Asia toward the lower side of the $1.1718 to $1.1793
range witnessed yesterday, where modest US dollar strength amid upbeat US data
and firmer US rate yields was the theme. Consolidation is expected ahead of the
European open and release of German CPI. Close-by option expiries at
$1.1675(E707mn), $1.1700(E1.42bn), $1.1750(E950mn) and $1.1800-05(E1.09bn), may
act to contain the near-term range. Key support is noted at $1.1709 (61.8% fib
retracement $1.1554-$1.1961), while hourly resistance is seen around $1.1750.
Euro-dollar was last at $1.1738.

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