Rate edged to an eventual high of.......>

EURO-DOLLAR: Rate edged to an eventual high of $1.1068, as it extended its

recovery off an early week low of $1.1016, then sank back to $1.1045-50 into the

close. Asia consolidated these moves, holding rate within a range of $1.1040-52,

trading around $1.1045 into Europe. No major data to drive with risk seen making

a mild recovery. ECB policy announcement Thursday remains key. 

- Support $1.1040, $1.1020-15 ahead of $1.1000. Resistance $1.1050/55, $1.1068,

$1.1085. Asian traders have suggested that main topside resistance is seen from

the recent high of $1.1085(Sep05), extending through to $1.1120. Traders aware

that E2.26bln of option expiries roll off at today's NY cut with strikes set

between $1.1100-05, E1.86bln of them EUR puts.