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*Dec12 euro-dollar open $1.1769,.......>

EURO SUMMARY
EURO SUMMARY: *Dec12 euro-dollar open $1.1769, range $1.1765 to $1.1780
*Euro-dollar opened in Asia toward the lower side of the $1.1757 to $1.1812
range witnessed yesterday, where consolidation ahead of this week's Central Bank
meetings was the theme.
*Range-trading continued during the Asia session, with investors mostly
side-lined. Euro-dollar held close to $1.1770 for the majority of the session,
but somehow managed to eke out a narrow $1.1765-$1.1780 range
*Yesterday's high at $1.1812 provides resistance, while support is being found
close to the 55-dma ($1.1760).
*UK inflation data (EUR/GBP flow), German/Eurozone ZEW data provide the event
risks for the session ahead.

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