*Dec1 euro-dollar open $1.1904,........>

EURO SUMMARY: *Dec1 euro-dollar open $1.1904, range $1.1887 to $1.1916

*Euro-dollar opened toward the upper side of the $1.1809 to $1.1932 range

witnessed yesterday, where month-end portfolio rebalancing flows and demand in

euro-yen underpinned the single currency.

*Euro consolidated between $1.1887 to $1.1906 in early trade

*The delay in the tax vote until tomorrow at 11 am ET  saw US rate yields under

some pressure and with it the greenback, euro pushed higher from the

mid-$1.1890's to $1.1916.

*Euro then spent the balance of the session consolidating between $1.1901 and

$1.1915

*Support is located at $1.1885/70 (38.2%/50% fib $1.1809-$1.1932), while

resistance lies at $1.1932 (Nov30 high).

*European and US manufacturing PMI's provides the event risks for the session

ahead.