*Sep20 Euro-dollar open $1.1994,.......>

EURO SUMMARY: *Sep20 Euro-dollar open $1.1994, range $1.1987 to $1.2020

*Euro opened in Asia toward the upper side of the $1.1950 to $1.2007 range

witnessed yesterday, where upbeat ZEW data helped to underpin the single

currency.

*Euro consolidated within a narrow $1.1987 to $1.2001 range in early trade

*Softer US rate yields caused the greenback to weaken across the board and

together with Euro-yen demand the euro rose back through $1.2000 to $1.2020

*Euro then consolidated with a $1.2006 to $1.2018 range for the balance of the

session

*Resistance lies at $1.2032 (76.4% $1.2092-$1.1838 decline), while Asia's base

of $1.1987 provides initial support

*German PPI (0600GMT) provides the initial event risk for the session ahead, the

main event is FOMC at 1800GMT