Reported resistance between.............>

EURO-DOLLAR: Reported resistance between $1.1359/67 proved itself Tuesday as

rate topped out at $1.1362 in Europe, with further upside challenges capped at

$1.1361 during the NY session before it closed around $1.1350. A fairly slow

session in Asia as rate was held between $1.1350-57 in early trade, then eased

to $1.1343 as USD/JPY rallied through the Tokyo fix. EUR/USD then settled

between $1.1345/50 for the balance of the session and into Europe. Resistance

remains between $1.1362/67, the area covering Tuesday's high at $1.1362, $1.1363

76.4% $1.1420-1.1177, with the 55-dma at $1.1365 and 100-dma at $1.1367. A break

to expose the descending channel top at $1.1387 ahead of $1.1400. Support

$1.1343-39 ahead of $1.1325 and $1.1300. 

- Germany PPI at 0700GMT provides early focus but US FOMC at 1800GMT to

overshadow day's events.

- Option expiries of note between $1.1390-1.1400 for a total of E1.97bn.