*Dec11 euro-dollar open $1.1779,.......>

EURO SUMMARY: *Dec11 euro-dollar open $1.1779, range $1.1757 to $1.1784

*Euro opened in Asia at the upper side of Friday's $1.1730 to $1.1777 range,

where despite a choppy session post-US data, euro-dollar was largely unchanged

on the day.

*Euro-yen demand surfaced to see euro-dollar climb from near $1.1760 to $1.1784.

Japanese lifers were the reported buyers, there was some chatter the same names

were buying sterling-yen at the same time

*Once that cross interest subsided, euro eased lower to $1.1776 and was last at

$1.1780

*Supply is said to have been parked around $1.1800, it also holds a fairly large

option expiry rolling off today for E1.02 bn. Technical resistance is noted at

$1.1811 (38.2% fib $1.1940 to $1.1730 decline), while Friday's low at $1.1730

provides support

.